Alinta Ltd can expect a substantial protest vote from small shareholders when it holds its meeting in August to approve the proposed Babcock & Brown Ltd-Singapore Power takeover.
Alinta can expect a substantial protest vote from small sharehodlers when they mneet in August to approve the proposed Babcock & Brown Ltd-Singapore Power takeover.
The battle for control of energy company Alinta Ltd hotted up again today after Macquarie Bank Ltd and AGL Energy Ltd confirmed they were in negotiations that could lead to a new takeover offer.
Sydney-based investment firm Babcock & Brown, the preferred bidder for Alinta Ltd, has denied any working relationship with Tricom Holdings in respect to the offer, despite market speculation to the contrary.
Alinta Ltd has sold a South Australian wind farm, which it acquired after merging with AGL Ltd, to a subsidiary of the ANZ's Energy Infrastructure Trust for $225 million, the company announced today.
Energy company Alinta Ltd and Macquarie Bank Ltd have often been accused of using financial engineering and extravagant fees to boost their earnings, so it was striking last week when Alinta turned on its one-time corporate adviser.
ALINTA Ltd has moved to quell continuing conjecture regarding its decision to favour a bid from the Babcock & Brown/Singapore Power syndicate, going to the market with a comprehensive outline of the d
Alinta Ltd has moved to douse continuing conjecture regarding its decision to favour a bid from the Babcock & Brown/Singapore Power syndicate, going to the market with a comprehensive outline of the decision to reject the Macquarie-led offer.
Having stayed largely below the radar during the three-month seige of Alinta Ltd, Babcock & Brown Ltd has gone on the communications offensive - aiming to quell any investor disquiet regarding its $7.4 billion deal.
Former Alinta Ltd chairman John Poynton believes an opportunity to keep the business Western Australian-based has been lost with the directors' decision to accept a $15 per share bid from Babcock & Brown Ltd which will see the energy group carved up.
Energy utility Alinta Ltd, which today reported annual results in line with its market guidance, has disclosed that a "small number of parties" were conducting due diligence on the business as part of its potential sale.
The rules of engagement between Macquarie Bank and Alinta have been set out, with a company announcement saying the bank had agreed to the utility's conditions for co-operation during the proposed management buyout process.
Alinta chairman John Akehurst has written to shareholders outling what the company's board has done to position the company to manage the management buy-out proposal and any other expressions of interest.
Nineteen days into January, and Western Australia's third biggest public industrial company has packed in more boardroom action than most journalists could hope for over a whole year.
Alinta Ltd has made more interim management decisions in the wake of the managment buy-out which has occupied its senior executive ranks and former chairman John Poynton.
Management buy out target Alinta Ltd has moved to quell market concerns about former CEO Bob Browning's knowledge of other offers for the company, stating that he has been excluded from the process to manage other expressions in interest.
The fallout at the top levels of WA gas giant Alinta Ltd continued today, with John Poynton quitting the board just one day after his management buy out cohort Bob Browning resigned as CEO.
AMID the surprise management buyout proposal at one of Australia's major infrastructure asset managers, Alinta Ltd, the official announcement of the IPO for Perth-based rival PearlStreet Ltd was so
Alinta has released a detailed update on its financial and strategic outlook, disclosing that its net profit in the year to December 2006 is expected to be substantially lower than its previous guidance.
WA energy firm Alinta Ltd will hang on to its 10.25 per cent stake in the Australian Pipeline Trust for a bit longer after announcing plans to appeal a Federal Court finding that the purchase took place under unacceptable circumstances.
Alinta's efforts to acquire an additional stake in the Australian Pipeline Trust earlier this year were in order to facilitate another undertaking to the Australian Competition and Consumer Commission, the Perth energy company announced today.
Alinta chief executive Bob Browning has signed an evergreen employment contract with the company, removing his previous fixed expiry date of May, 2007.
Alinta Ltd will commence Federal Court proceedings to seek to overturn the Takeovers Panel ruling of unacceptable circumstances in their acquisition of 10.25 per cent of the Australian Pipeline Trust, and subsequent orders to sell.
The Takeovers Panel has ordered that Alinta Ltd divest a 10.25 per cent holding in the Australian Pipeline Trust, after declaring the acquisition unacceptable on Sunday.
Energy utility Alinta and Sydney rival Australian Gas Light have agreed to split their assets to create separate energy and infrastructure groups in a $6.8 billion merger deal signed this week.
Analysts believe the Alinta Ltd and the Australian Gas Light Company Ltd merger announced today signals a win-win scenario for both companies and their shareholders.
THE Takeovers Panel has moved to prevent either offer in the takeover battle between energy groups Australian Gas Light Company Ltd and Alinta Ltd from becoming unconditional until it is clear that on
The first of four gas-fired 'cogeneration' power plants being built by Alinta at Alcoa refineries in Western Australia was formally commissioned today.
The Takeovers Panel has rejected The Australian Gas Light Company's request for interim orders restraining Alinta Group Holdings Ltd from dispatching its bidder's statement for AGL.
The Takeovers Panel has received two applications from Australian Gas Light in relation to its bid for Alinta Limited and the bid by Alinta Group Holdings Pty Ltd for AGL.
Alinta today released their 2005 Annual Report, highlighting the high times currently being enjoyed by the energy utility and its chief executive Bob Browning.
Alinta Limited today lodged its bidder's statement outlining the terms, rationale and strategy for its Offer to acquire all of the shares in The Australian Gas Light Company that it does not already own.
