Vector lights up at AGL&#39;s NGC sale
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TROUBLED New Zealand electricity distributor Vector has agreed to buy Australian Gas Light&#39;s 66.05 per cent stake in New Zealand gas pipelines operator NGC Holdings.
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The Australian share market has rallied from yesterday&#39;s negative close to finish seven points higher at 3,728. Solid gains in banking stocks stopped the market heading into the red on the back of a weaker resource sector.
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These solar companies shine a light on their way to fast cash.
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The country&#39;s grain exporter has been busy again, selling its stake of almost 15 per cent in Elders&#39; parent company, Futuris.
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DIGITIMES SAID that S3 design wins mean that cards using its &quot;GammaChrome&quot; 3D graphics accelerator will start to be sold during the fourth quarter.
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LONDON/AMSTERDAM  - The takeover battle for ABN AMRO  heated up on Monday with the Royal Bank of Scotland  consortium boosting the cash element of its 71.1 billion-euro ($98 billion) offer.
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Vector will float up to 24.9 per cent of its shares on the stock exchange &quot;later rather than earlier&quot; in the next year to help pay for its takeover bid for NGC.
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Speculation of a bidding war drove   the shares in Australia's Vision Systems Ltd. VSL.AX up well   above the most recent offer on Wednesday, as a third company   said it was looking at buying the diagnostics firm.
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Better test results for Elan Corp&#39;s key Antegren drug lifted the Irish company&#39;s shares more than 10 percent as analysts said the data improved its chances of becoming the leading multiple sclerosis treatment.
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Shares of AtheroGenics Inc. AGIX.O  soared 82 percent before the bell on Tuesday, a day after the  pharmaceutical company announced positive interim results from  a study on an anti-inflammatory agent.
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TSV Holdings Ltd share offer closed oversubscribed and a week early following strong institutional and retail support. TSV Holdings raised $6 million after offering 30 million shares at 20 cents each to investors
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The worldâs largest manufacturer of agricultural machinery beat Wall Streetâs expectations as high crop prices stoked global demand for farm equipment.
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Shares of casino operator Penn National Gaming (PENN) surged more than 25 percent on Thursday as its plans to buy riverboat gambling company Argosy Gaming (AGY) pushed stocks higher across the sector.
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Ritchie Bros. Auctioneers held its largest sale to date in company history last week in Moerdijk, (Rotterdam), the Netherlands, earning over 51million (approx. US$68 million) in gross auction sales.
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Announcements abounded: one acquistion, a potential sale, and the first-quarter earning report.
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To help fund the $877 million purchase, Auckland Energy Consumer Trust-owned Vector will float 24.9 percent of its shares on the stock exchange.
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Vector Ltd., New Zealand&#39;s largest electricity distributor, may bid for NGC Holdings Ltd., the country&#39;s biggest gas pipeline operator, according to Vector bondholders such as Peter Scobie.