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Elders’ $475M bid for Delta Agribusiness wins OK with store sell-off
The ACCC will not stand in the way of Elders’ $475 million takeover of rival farm supplier Delta Agribusiness, after the agribusiness giant provided an undertaking to divest six Delta stores in Western Australia.
Funder admits ‘thrusting young bucks’ remark, denies discrimination claim
Litigation funder Woodsford has struck back at a discrimination suit by a former female director, admitting its CEO described her male colleague as a "thrusting young buck" but denying the phrase was gendered.
Construction PRO
Catalyst wins $32M from Presbyterian Church of Qld for failed land deals
Property group Catalyst has won $31.7 million from a trustee corporation of the Presbyterian Church of Queensland over a suite of scuppered transactions for land and aged care homes.
Telstra hit with $18M penalty in ACCC case over Belong speeds
Telstra has been ordered to pay $18 million in ACCC proceedings, after a court found the telco misled thousands of broadband customers about the speed of its budget internet provider Belong.
ASIC sues Fiducian Group over ESG representations
Looking to continue its hot streak of successful anti-greenwashing cases, the corporate regulator has taken Fiducian Investment Management to court over allegedly misleading representations about its ESG fund.
Construction PRO
Shinetec says court should not allow $48M ‘windfall’ for The Gosford
Builder Shinetec has argued $48 million paid to the developer of a $185 million project in Sydney by Bank of China under a standby letter of credit was money it lent to the collapsed developer, with a judge seeming to agree the sum would otherwise be a windfall.
Mayfield warns ruling in NSW Ports case could have ‘startling’ consequences
Mayfield Developments has argued the High Court should overturn a finding that NSW Ports was protected by derivative Crown immunity in entering allegedly uncompetitive agreements to privatise two ports, saying the decision could have “startling” consequences such as allowing the state to devise cartel arrangements.
Qantas wins injunction against hackers over data breach
Qantas has won a permanent injunction aimed at preventing unknown hackers from disseminating information accessed in a June data breach, with a judge saying the orders have “real utility” despite the hackers being beyond the reach of the court.
Construction PRO
St Hilliers wins approval for $550M development
St Hilliers unit Thornton Operations has won court approval for a $450 million plan to develop a mixed-use precinct that includes 526 homes, after reaching an agreement with the local council.
Construction PRO
Dexus Industria REIT to pay $47.5M for Melbourne warehouses
Real estate investment trust Dexus Industria REIT has agreed to acquire two warehouses in Melbourne’s south-east for a combined price of $47.5 million.