Talbot Underwriting Ltd is spreading its footprint of financial lines business in Australia. Talbot Underwriting, a wholly-owned subsidiary of Validus Holdings Ltd, has appointed David McKenzie and David Jones as class underwriters at its financial lines team.
David Jones
Australian department store David Jones was acquired by South African retailer Woolworths in a deal valued USD2 billion, reported Ventures Africa.
Australian regulators are probing the withdrawn A$1.65 billion ($1.7 billion) takeover offer for David Jones by a little-known Britain-based firm.
Australia's David Jones (DJS.AX) said a little known UK-based private equity fund had pulled a A$1.65 billion ($1.7 billion) takeover approach for the department store chain.
News and developments in Asia private equity from Reuters News for the week ending June 29.
Australia's No.2 department store chain David Jones (DJS.AX) said on Friday it had received an unsolicited $1.65 billion bid from a consortium led by Britain's EB Private Equity.
David Jones Ltd posted a 3.1 percent decline in third-quarter sales with no improvement seen in consumer sentiment and said it plans to keep its valuable property assets and has no takeover talks to report.
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