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Johns Lyng Group confirmed Wednesday it had received a takeover offer from Pacific Equity Partners for an undisclosed sum and has granted the private equity firm an exclusivity period to undergo due diligence.
High Court sides with Valuer-General over St Kilda Rd heritage property
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The Valuer-General of Victoria has won a High Court appeal against developer WSTI Properties over a $2.9 million valuation for a heritage property in Melbourne, which centred on the meaning of an “improvement” to the land.
Soul Patts, Brickworks merger shows capital markets ‘open and willing’, says KWM chair
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Ashurst and King & Wood Mallesons are working behind the scenes on the proposed union of long-time partners Brickworks and investment house Washington H. Soul Pattinson, a merger that shows capital markets are ready to back big deals, one lead lawyer says.
Suitors pursue Fletcher Building’s construction business
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Fletcher Building has confirmed it has received inquiries from prospective buyers of its businesses, including its construction division.
Ex-Turner Freeman client wants to appeal failed case over property dispute
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A former Turner Freeman client is seeking to appeal a District Court decision summarily dismissing his professional negligence case against the firm and a silk over a dispute with an owners corporation.
EVT puts Sydney CBD entertainment complex up for sale
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Entertainment giant EVT has put its landmark Sydney CBD Event Cinemas complex on the market.
Lendlease, Greenwoods settle case by ex-tax partner
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Lendlease and tax advisory firm Greenwoods & Herbert Smith Freehills have reached a settlement in a case by solicitor and accountant Anthony Watson, which accused the builder of taking an “aggressive” position on its taxes.
ASIC adopts new rules to speed IPOs
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The corporate regulator has announced a two-year trial for new rules that will streamline the public offering process “to deliver more IPOs” amid a dip in floats.
Maxim blasts Aussie company’s ‘cavalier’ approach to IP dispute
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US-based mens magazine publisher Maxim has accused a former Australian licensee of taking a “cavalier” approach to a proceeding alleging “uncontrolled use” of its intellectual property.
Former CEO of BBY charged over $192M Aquila Resources acquisition
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The boss of defunct stockbroking firm BBY has been hit with criminal charges over the acquisition of $192 million shares in mining company Aquila Resources.