M&A

Jones Day is making moves on its rivals, luring leading lawyers across disputes, real estate, energy, corporate and IP from a who's who of top firms.

Warburg Pincus has upped its offer to acquire Ingenia Communities, but the proposal still requires the company to abandon its acquisition of land developer Peet.

The ACCC has opposed Insurance Australia Group's planned $1.35 billion acquisition of RAC Insurance of Western Australia, despite a five-year undertaking by IAG.

Coles wants to file further expert evidence in its dispute with the ACCC over the acquisiton of land in Kalgoorlie, WA, claiming it had no notice of the regulator's "novel" theory of harm.

Ingenia Communities has rejected a revised $2 billion unsolicited takeover offer from private equity firm Warburg Pincus, which would require it to abandon its acquisition of land developer Peet.

Real estate investor Abacus Group has sold off its 19.6 per cent stake in Storage King to existing shareholder Ki Corporation for $284 million.

Artificial intelligence company Anthropic has reportedly signed its first Australian data centre lease, located in a $31.9 billion digital park in Queensland built by a Singaporean developer. 

US private equity firm Brookfield has made a $4.09 billion play for Reliance Worldwide, in a takeover bid the plumbing giant said was a "meaningfully improved" proposal on three previous offers.

Hilton has lost its challenge to a $173 million tax adjustment from the 2015 sale of the Sydney Hilton Hotel, with a judge finding the transaction was entered into for the dominant purpose of obtaining a tax benefit.