M&A

Tossing a case by Tahmoor Coal's liquidators over a royalty deed that gave Glencore payments in perpetuity and impacted the company's sale price, an appeals court has found the deed was not unprofitable just because creditors might get a better return without it.

Private mining investment firm QGold and its founder Christopher Ian Wallin have been hit with a class action, the third representative proceeding filed so far this month.

Insurers IAG and RACWA has brought the second appeal of a decision by the Australian Competition and Consumer Commission blocking a transaction under the new merger regime.

Land lease operator Ingenia Communities has opened its books to Warburg Pincus after the US private equity firm improved its takeover bid to $2.14 billion.

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.