Warrnambool Cheese and Butter Factory is now the subject of a three way battle as bidders Bega Cheese, Saputo and Murray Goulburn all seek to be the owner of the manufacturer of brands such as Sungold Milk and Great Ocean cheese.
Tags: Australia
IntelligenceBank closes USD2 million in seed funding
Melbourne-based tech startup IntelligenceBank raised USD2 million in a seed funding round led by local investment firm KOTJ. The funds will be used for the company's market and workforce expansion.
Corporate Travel Management to buy majority stake in Westminster Travel
Australia-based Corporate Travel Management (CTM) announced that it is seeking to raise AUD53 million (USD49.6 million) to buy a 75.1% stake in travel service provider Westminster Travel.
Amphenol Corporation to purchase GE's Advanced Sensors Business for USD318 million
Amphenol Corporation entered into a definitive agreement to acquire the Advanced Sensors business of GE for USD318 million, which will be subject to closing conditions and regulatory approvals.
Private Equity Partners exits Link stake for AUD200 million
Australian investment firm Private Equity Partners had put up for sale 25% of its stake in Link Administration Holdings for AUD200 million. The holding company was acquired by PEP for AUD132 million.
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Australian diversified company Abacus Property Group raised USD75 million in a share sale, the proceeds of which would be used to more properties in New South Wales, Queensland, and Victoria.
Law firm Slater & Gordon Ltd said it would make more acquisitions in the UK using funds raised through share sale this year.
Queenslands' Gambling Community Benefit Fund (GCBF) set the deadline for grant appication for solar power providers on November 30.
A diplomatic stand off between Australia and Indonesia was averted when the Australian Immigration Minister had ordered the boat people be brought to Christmas Island.
Macquarie Group Ltd said it would make a GBP500 million offer for Scottish Windows Investment Partnership, which was reported to receive a previous bid from deen Asset Management Plc.
New Zealand's dairy manufacturer Fonterra signed a deal to acquire troubled Tasmania-based company Tamar Valley Dairy.
Whitehaven Chairman Mark Vaile said the future of the mining company is assured with the two mines it is preparing to go online.
Westpac CEO Gail Kelly reports a good 2013 and expects a better year for 2014. Westpac is set to increase its focus on growth for 2014, as it looks forward to another record making profit season.
The IPO prospectus released by Nine Entertainment Co showed that the Sydney-based firm was looking to raise AUD 697.3 million for its share sale.
