AGL has rejected a $250 million bid to buy its Liddell power station and will go ahead with plans to close the coal-fired plant in four years, the power company told shareholders Monday.
Viterra has failed in its third bid to access communications between Cargill Australia and its lawyers related to Cargill’s $420 million purchase of malt producer Joe White Maltings from Viterra in 2013.
The founder of Microsoft solutions provider nSynergy has been given the greenlight to bring a derivative suit against his brother and co-founder Karl Redenbach, alleging Redenbach diverted tens of millions of dollars in nSynergy’s assets — including software company LiveTiles.
A judge has denied a bid by corporate advisory firm Leadenhall Australia to have a peek at the books of mining company Cape Lambert Resources, in a dispute over a $4 million share placement that left Leadenhall with a diluted stake in the company.
Cargill has won a discovery dispute in a case alleging fraudulent concealment by Viterra in its $420 million sale of malt producer Joe White Maltings to Cargill Australia in 2013, with a judge finding documents attached to privileged emails or emails that are part of a privileged chain are protected by legal professional privilege.
Queensland mining tycoon and former MP Clive Palmer has been hit with a criminal case alleging he violated takeover laws by failing to make an offer after issuing a publicly proposed takeover bid for timeshare business The President’s Club Ltd.
A general counsel and a board member of a company linked to embattled G8 Education head Jennifer Joan Hutson are the latest to be charged over the childcare operator’s failed takeover bid for a rival.
The Australian Competition and Consumer Commission gave the go-ahead Wednesday to the $1.3 billion merger of dairy giant Saputo with Australian milk co-op Murray Goulburn, after Saputo agreed to divest the Koroit dairy plant in Victoria.
The Australian competition regulator has delayed its decision on the proposed $1.3 billion merger of dairy giant Saputo with Australian milk co-op Murray Goulburn to consider feedback from market participants.
DibbsBarker is closing its doors after signing a deal that will see 17 partners and support staff move to Dentons, the world’s largest firm.