Elanor Funds Management’s board on Friday unanimously recommended that securityholders reject the takeover offer and provided an expert independent report from Kroll Group that concluded the offer of $0.70 in cash per stapled security undervalued the fund.
Mining magnate Clive Palmer has lost a long-running fight against Western Australian legislation over an iron ore project in the Pilbara, with an international tribunal finding it had no jurisdiction to hear $300 billion case.
An appeals court has binned construction firm Shamrock’s second bid to toss waste management firm Cleanaway’s $31 million claim for costs associated with cleanup of an Ipswich dump following a flood.
A court has declined a developer’s appeal of a Sunshine Coast council’s rejection of plans to build a BP service station as well as a McDonald’s and KFC at vacant land in Maroochydore.
Housing developer Aspen Group has paid $14.1 million to acquire the remaining stages of the Wallaroo Shores master planned community in South Australia.
A judge has ordered embattled Optus to pay a $100 million penalty for “appalling” contraventions, after the telco admitted staff pressured customers into buying phones they couldn’t afford.
Media giant Seven Network is facing a class action investigation into possible underpayments, including the alleged failure to pay rest breaks and overtime.
Optus has appointed former Sydney Water CEO and NBN Co director Kerry Schott to investigate a 13-hour Triple Zero outage linked to three deaths.
A judge has ordered the Australian Broadcasting Corporation to pay $150,000 for unfairly dismissing presenter Antoinette Lattouf because of her opposition to the Israeli military campaign in Gaza.
Rebel Sport owner Super Retail Group has reached a settlement in a lawsuit by two former employees, just days after the retailer sacked its CEO.
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