Australia Stockland Pays A$825M For Foster&#39;s Lensworth-2-
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SYDNEY (Dow Jones)--Stockland (SGP.AU) said Thursday it will pay A$825 million, plus working capital of A$21 million, for Lensworth, the property development business of Foster&#39;s Group Ltd.
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Australiaâs largest airline agreed to an $8.7 billion buyout offer from a consortium led by Macquarie Bank and the Texas Pacific Group.
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By MARK METHERELL, MATT WADE, TOM ALLARD and COSIMA MARRINER. Australia&#39;s prime minister John Howard has proffered $A1 billion in new handouts to older Australians two days after Labor&#39;s $A2.
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A wine glut in the US has hit profits at beer and wine company Foster&#39;s during the first half of 2004. The Australian company has been looking to expand its wine business but suffered as a surplus of US grapes forced many producers to cut prices.
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Liverpool will have to pay Â£13.5m for Ajax winger Ryan Babel say his Dutch club.
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Foodland Associated Ltd., which owns supermarkets in Australia and New Zealand, said second-half profit rose 8 percent, boosted by sales of property to a real estate investment trust and reduced borrowing costs.
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Metcash Trading Ltd., Australia&#39;s biggest grocery wholesaler, offered to buy Foodland Associated Ltd.&#39;s Australian business for A$846 million ($660 million), completing a nationwide distribution
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Consumer goods marketing and distribution company Metcash Trading Ltd said today that it had made an $A846 million ($NZ926.20 million) takeover offer for Foodland Associated Ltd&#39;s Australian business.
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SYDNEY : Australian beverage firm Foster&#39;s Group forecast modest earnings growth in the current financial year after a poor performance by its wine business again hurt its bottom line in fiscal 2004.
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Coles Myer, the Australian retailer, rejected a $13 billion offer from buyout firms led by Kohlberg Kravis Roberts & Company as too low. The offer, 14.50 Australian dollars ($11.16) a share, Âsubstantially undervaluedÂ the company, said Coles MyerÂs chairman, Richard H. Allert. The bidding group, which includes Bain Capital and the Blackstone Group, wanted management backing for the offer, Mr. Allert said. Coles Myer, which is based in Melbourne, has about 35 percent of AustraliaÂs grocery market, and Woolworths, based in Sydney, has about 40 percent.
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Woolworths Ltd., Australia&#39;s biggest grocer, increased its offer for Australian Leisure &amp; Hospitality Group to A$1.2 billion ($877 million) to stop rival bidder Coles Myer Ltd.
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Northern Irish drug maker Warner Chilcott Plc has received a bid approach worth 837 pence per share which values the company at 1.53 billion pounds ($2.
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SYDNEY: Australia&#39;s dominant telecommunications firm, Telstra, has unveiled details of a 750 million dollar (532 million US) off-market share buy-back as part of a three-year, 4.5 billion dollar capital management program.
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MELBOURNE (Dow Jones)--Aiming to make Foster&#39;s Lager the world&#39;s third best-selling international beer by 2009, Australian drinks company Foster&#39;s Group Ltd.
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Australian dairy group National Foods says its shares are worth up to 22% more than a hostile $A1.6 billion takeover offer by New Zealand dairy giant Fonterra.
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Rugby in New Zealand South Africa and Australia is set for a massive windfall after a new broadcasting rights deal was struck between SANZAR and News Limited.
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Australia&#39;s second largest retailer Coles said Monday it had agreed to a 22 billion dollar (18.7 billion US) buyout offer from conglomerate Wesfarmers, the largest corporate deal in Australian history.