M&A

A consortium of Ki Corporation and New York Stock Exchange-listed Public Storage has pulled a $2.2 billion offer to acquire Abacus Storage Kings.

Fonterra said Tuesday it had settled a dispute with Bega Cheese over the status of lucrative licence agreements as part of a $3.8 billion sale of its Australian business to French dairy company Lactalis.

Gadens has poached three partners from Allens and Mills Oakley to grow its corporate practice. 

Corrs Chambers Westgarth has lured a corporate lawyer who spent 14 years working at Gilbert + Tobin, its latest hire from the rival firm.

Hospitality group EVT Group has acquired hotel management company Pro-Invest Hotels for $74 million to seed the launch of its own brand management business.

Igneo Infrastructure's Australian renewable energy platform Atmos Renewables has acquired the remaining stake in the 316MW Hornsdale wind farm from Neoen Australia in a $400 million deal.

Gateway Capital has acquired a warehouse in Sydney's Eastern Creek from private equity firm Blackstone for $75 million as part its plan to build a $800 million industrial and logistics portfolio.

The competition watchdog has raised concerns over the proposed tie-up of Kegstar and Konvoy -- the only operators in the niche industry of keg pooling -- saying the deal could mean higher prices.

Commercial property fund Elanor Funds Management has hit back at "factually incorrect" claims made by Lederer Group as part of a $285 million takeover bid.

Mayne Pharma and US drug maker Cosette have agreed to postpone the start of trial in a case over the termination of a $672 million merger to allow for late amendments.