News Articles for Baker McKenzie

The company at the centre of a long-running dispute with Perth home builder BGC over responsibility for thousands of burst pipes has been hit with a class action.

Local gold explorers Intermin Resources and MacPhersons Resources have announced plans for a $62 million merger to form Horizon Minerals, which will hold significant assets in the Kalgoorlie region.

Emeco Holdings has made its fifth big acquisition in the past three years, acquiring Queensland-based Matilda Equipment for $80 million while also announcing a $90 million capital raising to fund the purchase.

Halom Investments has asked the Takeovers Panel to revise MMA Offshore's planned $97 million capital raising, claiming the deal is designed to entrench the control held by the incumbent board.

Emeco Holdings today sent out a mammoth 811 pages of documentation for its revised restructuring scheme, and buried inside is a breakdown of fees showing that, while its lawyers will get paid more, the company's financial advisers will take a haircut after the first restructuring scheme fell over.

The planned three-way merger between Perth-based Emeco Holdings and east coast companies Orionstone and Andy's Earthmovers will not proceed as planned after the deal failed to win sufficient backing from creditors.

Heavy earthmoving equipment supplier Emeco Holdings has shrugged off a credit rating downgrade from Fitch Ratings, with managing director Ian Testrow saying the market should focus on the big picture of the company's merger and restructuring plan.

SPECIAL REPORT: A flurry of deals over the past fortnight, including four acquisitions by international companies expanding in Western Australia and the year's largest capital raising, has added life to a flat corporate finance market.