M&A

US drug maker Cosette wants to strike out Mayne Pharma's causation pleading in its suit seeking damages after Cosette allegedly inducing the treasurer to reject their $672 million tie-up.

Lendlease will sell its stake in the Keyton Retirement Living Trust to Aware Super for $525 million as the property giant looks to trim its debt. 

IAG has made a strategic investment in modular building company Spacecube following a successful pilot program in Victoria during the January bushfires.

Charter Hall has acquired the Tooronga Village Shopping Centre in Melbourne's eastern suburbs for $79 million.

Washington H. Soul Pattinson has agreed to sell Brickworks' interests in its industrial property joint ventures with Goodman Group for $1.89 billion, following last year's merger between Soul Patts and Brickworks.

The preferred bidder for the Liberty Bell Bay smelter in Tasmania has withdrawn from the process, less than a month after its involvement was announced. 

Pitcher Partners has argued in its case against a former client over a $1.3 million abort fee that treating proposed deal changes as material departures would enable parties to avoid such fees by putting forward absurd terms. 

Woodside Energy has exercised its pre-remption rights to block Inpex's acquitision of PetroChina's interest in the Browse Basin gas joint venture off Western Australia's coast.

The Australian Tax Office is challenging a decision for Shell over a $99 million capital gains assessment in the energy giant's sale of its Woodside stake.

Clive Palmer's resort company Palmer Leisure Coolum has entered a guilty plea to one count of breaching takeover law arising from the proposed acquisition of The President’s Club.