Two big overseas developments will be much more crucial in determining our economic prosperity than last week’s budget. The first is Beijing finally taking steps to address the bursting of the country’s property bubble.
After seven months, the dream of an ARN-Southern Cross combination fell apart. But if history is any guide, M&A has been a source of unease for ARN investors.
AirTrunk’s sell-side advisers informed potential bidders late last week that the $600 million-a-year business is expecting to ink new client contracts in the near term.
The embattled Sunshine Coast-based business has called in Chapman Capital Partners and King & Wood Mallesons to mount a defence.
The British industrialist’s Australian steel business wants regulators to curb Chinese suppliers of steel mesh used here in residential concrete foundations.