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Company News

OZ Minerals recommends BHP’s takeover offer, Endeavour Group’s national gambling operator faces 62 charges and ASX scraps blockchain project
OZ Minerals (ASX: OZL) has announced its board plans to recommend the latest revised takeover offer from mining giant BHP Group (ASX: BHP) of $28.25 per share, valuing OZ Minerals at $9.6 billion. The offer beats BHP’s previous offer of $25 per share tabled 15 weeks ago, which OZ deemed too low. However, after renewed […]

Nine Entertainment posts record profits, Pendal accepts Perpetual takeover bid and Origin Energy announces climate transition plan
Media company Nine Entertainment (ASX: NEC) has experienced a 35% rise in full-year net profits to $315 million, allowing the company to announce a record dividend payment and proposed $341 million buyback. The company’s profits were driven by a growth in subscriptions, as well as a buoyant advertising market. Nine chief executive officer Mike Sneesby […]

ANZ’s $4.9b bid for Suncorp Bank, Woolworths buys Shopper Media, and Worley wins services contracts with Saudi giant Aramco
Australia and New Zealand Banking Group (ASX: ANZ) has announced a $4.9 billion bid to acquire Suncorp Group’s (ASX: SUN) Suncorp Bank division, with the acquisition expected to accelerate growth of ANZ’s retail and commercial businesses, while expanding its presence across the east coast. The major bank entered a trading halt to raise $3.5 billion […]