Fonterra sticking with Aussie bid
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Dairy giant Fonterra has reaffirmed its commitment to taking over Australian dairy company National Foods despite the initial catalyst for the bid no longer being a factor.
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Anglo-Australian mining giant BHP Billiton say it has made an offer worth $147bn to buy rival Rio Tinto.
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National Foods Ltd., Australia&#39;s biggest fresh milk producer, said its shares are worth as much as 22 percent more than Fonterra Cooperative Group Ltd.
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NEWS Corporation would continue to grow its publishing business in Australia following the company&#39;s move to the US, chairman and chief executive Rupert Murdoch stressed yesterday.
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New Zealand dairy group Fonterra said today that takeover target National Foods had limited growth prospects. Fonterra&#39;s head of strategy and chief financial officer, Graham Stuart, said National Foods&#39; growth
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Cemex, the Mexican cement maker, gained a controlling stake in the Rinker Group of Australia, completing its largest acquisition and increasing its share of the United States market with the $14.2 billion deal. In a filing to the Australian stock exchange, Cemex said it had received acceptances from investors holding 50.34 percent of Rinker. The offer for all of Rinkerâs shares expires June 22. Cemex, based in Monterrey, Mexico, had to sweeten its six-month-old unsolicited offer by 22 percent in April to win management approval. Rinker, which is based in Sydney, receives about 80 percent of sales from the United States, where Cemex is already the largest cement company.
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KIWI predator Fonterra would need to boost its bid by at least 8 per cent for the board of takeover target National Foods to consider waving the white flag.
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GLOBAL media giant News Corp succumbed to intense institutional pressure yesterday and agreed to retain its full foreign listing on the Australian Stock Exchange if shareholders approved the company&#39;s proposal to shift to the United States.
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WELLINGTON (Dow Jones)--Prime Infrastructure Group (PIF.AU) could still change the terms of its controversial takeover bid for Powerco Ltd.
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A $7.4 billion takeover bid for the Australian mining company WMC Resources has seen its share price surge by 36 per cent. The Swiss-based mining house Xstrata wants to add WMC Resources to its Australian mining portfolio.
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Buyout funds Cerberus  and JC Flowers have not ruled out re-entering the race to buy ailing bank Northern Rock Plc  after Britain smoothed financing for a deal, people familiar with the matter said.
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The company has been rebuffed in Australia as it tries to grow.
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Move sparks talk of a possible bid for Spain's flag carrier, Iberia LONDON British Airways said Wednesday that it would sell its stake in Qantas Airways and use the proceeds to strengthen its balance sheet for ...
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Fonterra Cooperative Group Ltd., the world&#39;s largest dairy exporter, offered A$1.62 billion ($1.2 billion) for National Foods Ltd.
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Budget airline Ryanair pushes ahead with its Â£1bn bid for Aer Lingus, upping its holding in its Irish rival.
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American software giant PeopleSoft remained defiant against Oracle&#39;s hostile $9.2billion (Â£5billion) bid yesterday despite PeopleSoft shareholders backing the offer over the weekend.
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Swiss mining firm Xstrata has relaunched an $7.4bn Australian dollar ($5.8bn) takeover bid for Australia&#39;s WMC by appealing to its shareholders.