M&A

An IGA store in WA's Kalgoorlie has rejected a claim by Coles that it provides no real competition, telling a tribunal shoppers are buying significant volumes of the supermarket giant's top items at the independent grocer. 

Private equity firm Warburg Pincus has revised its offer for land lease operator Ingenia Communities, dropping the exclusivity condition for entering a process deed.

The competition regulator has warned that Coles may pull back resources if an independent competitor in Kalgoorlie were forced to leave the market. 

The ACCC has expressed a preliminary view that any public benefits flowing from IAG's proposed acquisition of the Royal Automobile Club of Western Australia will likely be outweighed by harms to competition.

Independent supermarkets should not be insulated from the effects of competition by the ACCC, Coles has told a tribunal as it challenges the watchdog's rejection of its proposed acquisition of a Kalgoorlie supermarket site.

AVID Property Group has matched the latest offer by US private equity firm Warburg Pincus in the bidding war for Ingenia Communities, putting it back in the running for the retirement village developer.

Australian artist Tones and I has signed a worldwide publishing agreement covering future works with Universal Music Publishing Group.

Australian beauty and haircare company Anagenics Limited has sold its haircare intellectual property, including brand assets for its évolis hair growth product line, to a York Street Brands subsidiary for $2.5 million.

Retirement village owner Milstern was not obligated to exclusively negotiate with Sydney property developer Cranbrook for the sale of five of its villages, a judge has found in refusing to make orders blocking Milstern from talks with an alternative bidder.

The bidding war for property developer Ingenia Communities continues, with private equity firm Warburg Pincus on Friday besting an offer made five days earlier by AVID Property Group.