This Month
Spilt milk everywhere as Incitec pivots, again
We have another “deal yourself in, deal yourself out” situation. And it isn’t pretty.
- Anthony Macdonald
- Opinion
- Chanticleer
How a global giant plans to get bang for its buck at CSR
One of the ASX’s oldest companies, CSR, went out with a bang; now the games start over. This is how Saint-Gobain plans to make it in Australia.
- Anthony Macdonald
Ferrari’s first electric car may cost more than $800,000
By the end of the decade as much as 80 per cent of the car maker’s new vehicles could run on batteries. The first is scheduled for 2025.
- Bernhard Warner
Bain refused to sign Bapcor’s NDA/standstill in return for engagement
If there are other buyers waiting in the wings, no-one’s putting their hand up or even threatening to.
- Sarah Thompson, Kanika Sood and Emma Rapaport
- Manufacturing Winner
- Sustainability Leaders
How Amcor gave us guilt-free cream cheese
Soft plastics are piling up in warehouses around Australia. Amcor says it has a solution, taking out the Manufacturing category.
- Sylvia Ramsey
- Special Award
- Sustainability Leaders
Showing the way: Major brands embrace new recycling symbols
Making it easier for households to recycle packaging for food and consumer goods has won Australasian Recycling Labels a special award for Education Enabler.
- Alexandra Cain
- Analysis
- Sustainability Leaders
How Sustainability Leaders entrants were assessed
Submissions came from ASX20 companies and multinationals, early-stage ventures and public institutions, and were scored against four measurements.
- Rebecca Russell
Project Open: Barrenjoey seeks $182m for Orora activist push
Street Talk understands the home-grown investment bank tried to pull together a syndicate of investors in April to nab a 10 per cent stake and agitate for change.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Los Angeles turnaround expert to rival Allegro at Fletcher’s Tradelink
Street Talk understands Los Angeles-based private equity firm Pacific Avenue Capital Partners has thrown its hat in the ring.
- Sarah Thompson, Kanika Sood and Emma Rapaport
June
Field of credible buyers small, says Austal’s departing chairman
Former US navy secretary Richard Spencer will become Austal’s chairman, succeeding John Rothwell, amid a stand-off with suitor Hanwha.
- Brad Thompson
Hanwha settles into Austal cold war as shipbuilder swaps out chairman
The new chairman at ASX-listed shipbuilder Austal also happens to be the chairman of Joe Hockey’s advisory firm Bondi Partners.
- Updated
- Sarah Thompson, Kanika Sood and Emma Rapaport
Lululemon returns for bigger bet on recycled leggings start-up
The company behind plastic-eating enzymes that enable athleisure to be endlessly recycled aims to have a large-scale manufacturing plant in Asia by late 2026.
- Simon Evans
Collapsed Dion Lee owes $20m to Levis family’s Cue
An entity linked to Cue extended $20.3 million in working capital and funding since January 2022, making it Dion Lee’s number one creditor ahead of the Commonwealth Bank.
- Vesna Poljak and Carrie LaFrenz
Weak dollar plays a part in $2.1b buyout of Adbri by Irish giant CRH
One of Australia’s largest cement groups will disappear from the ASX after 62 years, with one shareholder saying it was a “sad but predictable day”.
- Simon Evans
French giant Saint-Gobain wins FIRB approval for CSR buyout
The $4.3 billion takeover bid for the maker of Gyprock plasterboard and Monier bricks will be voted on by shareholders on June 13.
- Simon Evans
Rich Lister Geminder plans board shake-up if Pact bid falls short
Raphael Geminder may need to wait until June next year to try to delist the underperforming Pact Group, as his takeover bid closes after 13 extensions in nine months.
- Simon Evans
May
Nick Politis times the market like a true Rich Lister
The automotive billionaire sold a portfolio of dealerships to ASX-listed Eagers last year. Now, the company’s share price is down 30 per cent.
- Mark Di Stefano
Equipment hire biz Alfabs Australia seeks $70m listing
Bell Potter Securities and Blue Ocean Equities were tapped as joint lead managers on the deal.
- Sarah Thompson, Kanika Sood and Emma Rapaport
CEOs to Labor: Cut taxes and tech investment will ramp up
Dennison Hambling of security monitoring company IMG says Australia is five to 10 years behind other countries and a corporate tax rate cut would free up capital to make bolder investments.
- Simon Evans and Tess Bennett
Allegro circles Fletcher’s Tradelink; looks to NZ growth with key appt
Averill’s new commission is understood to be separate from Allegro’s Tradelink move, but under its banner, he will be tasked with beefing up the firm’s presence in the region.
- Sarah Thompson, Kanika Sood and Emma Rapaport
