M&A

Mayne Pharma is not walking away from US drug maker Cosette's proposed takeover without a fight, filing an application with the Takeovers Panel to force Cosette to agree to the conditions needed to win FIRB approval for the $672 million deal.

Several Apache Corporation units have failed to block Santos from withdrawing admissions in a long-running fight over $83 million in tax credits related to Apache's $2.1 billion sale of certain assets, with a judge finding Apache’s prejudice arguments were “significantly overstated”.

Global real estate investment giant Colliers has boosted its presence in South Australia by acquiring a leading Adelaide-based urban development consultancy.

Mayne Pharma is facing a new hurdle in its plans to merge with US drug maker Cosette, with the Treasurer flagging it may block the $672 million deal.

Engineering company Monadelphous Group has entered an agreement to acquire Western Australia-based Kerman Contracting for $15 million.

Baker McKenzie has recruited two new partners from Allens and King & Wood Mallesons to bolster the ranks of its energy and tax practices.

The Australian Competition and Consumer Commission has cleared the way for ASX-listed Cuscal's to acquire payment facilitation supplier Indue, saying it was unlikely to substantially lessen competition. 

Regis Healthcare has acquired two new aged care homes in regional Victoria for $45 million to meet growing demand for its services.

Two senior Johns Lyng Group executives have been dragged into a dispute over the $75 million sale of Nike franchisee Retail Prodigy Group.

The administrators of struggling regional airline Rex have entered into a sale agreement with NASDAQ-listed aviation holding company Air T, with the federal government stepping in to facilitate the sale.