Vitamin producer Blackmores has announced an equity raising of up to $117 million to strengthen its balance sheet during the coronavirus crisis, but executive director Marcus Blackmore won't be participating.
Wesfarmers expects to make a $130 million pre-tax profit after selling down another lot of shares in supermarket giant Coles to shore up its balance sheet.
Emeco Holdings has expanded its service offering after signing a $72 million agreement to acquire Australian underground mining equipment and services provider, Pit N Portal.
Saracen Mineral Holdings confirmed today it has agreed to buy a 50 per cent stake in Kalgoorlie's famous Super Pit gold mine with managing director Raleigh Finlayson saying the asset has already delivered positive surprises.
Navitas has disclosed that it will incur costs of about $20 million on its acquisition by a BGH consortium, including fees to professional advisers and extra payments to its directors and executives.
Mining giant Rio Tinto has reported a 14 per cent drop in quarterly iron ore shipments and cut its 2019 shipments estimate on disruption caused by a tropical cyclone which hit its export terminal in Western Australia last month.
Navitas directors have recommended shareholders accept an increased $2.1 billion takeover proposal by a consortium that includes its founder and former chief executive, Rod Jones, who says the new ownership would boost the company's prospects .
Navitas co-founder and former managing director Rod Jones has backed an indicative takeover bid for the education services company led by Australian private equity giant BGH Capital.
SPECIAL REPORT: WA companies participated in 175 corporate finance transactions worth $7.6 billion in the September quarter, with one of the most complex and innovative being the recapitalisation of Eastern Goldfields.
Private investment group Sirona Capital has been split in two, with founding director Kelvin Flynn establishing a new business named Harvis with a focus on real estate, agriculture and infrastructure financing.
Santos is set to become the dominant supplier of gas in the Western Australian domestic market after striking a deal to buy privately-owned Quadrant Energy for $US2.15 billion ($A2.95 billion).
SPECIAL REPORT: Western Australian companies were involved in 235 corporate finance deals worth $6.9 billion in the June quarter, with new advisory firms playing an increasing role, research by Business News has found.
SPECIAL REPORT: There have been some big moves among corporate finance dealmakers in Perth, who worked on more than 850 transactions worth nearly $25 billion in 2017.
Troubled Perth company Quintis plans to take legal action against its founder and former managing director over claims he has failed to meet repayment obligations on an $11 million loan.
The last 10 days of 2016 were a busy period for WA corporate deals, with the Rae family attracting a bumper price for its Gull New Zealand business, Chinese group MMG selling the Golden Grove mine, Diploma Group going into receivership and seven new listings on the ASX.
SPECIAL REPORT: The stock market's appetite for new listings is allowing a range of companies, from family-owned engineering firm Veem to big national player Alinta Energy, to raise capital.
West Perth-based Sirona Capital has signed a memorandum of understanding with Brookfield Rail to ascertain the viability of a new intermodal freight hub in Bullsbrook.
Chinese manufacturer Ganfeng Lithium has more than doubled its offtake agreement with Mineral Resources and Neometals for the Mt Marion project, as interest in the commodity continues to build.
International petroleum giant BP has become the first investor in Sirona Capital's Northern Gateway industrial estate in Muchea, signing a $15 million deal to take up 2.5 hectares in the developmen
Special report: A subsidiary of global banking giant Goldman Sachs is backing a local private equity player to develop a freight hub near Bullsbrook, in anticipation of increased freight movements connected with the state government's Northlink WA project.
SPECIAL REPORT: Local firms Azure Capital and Hartleys punched above their weight in 2015 in what was a lucrative year for a handful of top corporate advisers in WA. Click through to see which corporate advisers, lawyers and brokers managed 470 M&A and capital raising deals.
Bank bashing is an old sport usually practised by external critics, but 2016 could be the year when big banks discover that their greatest threat comes from within – something that should concern bank shareholders as much as employees.
A long-running campaign to sell a 50 per cent stake in Exchange Tower is coming to a close, with property syndicator Primewest to pay $113.5 million for half of the CBD skyscraper.
SPECIAL REPORT: As the energy construction boom winds down, policy makers must get the settings right to prepare for future investment, while energy players mull the best way to allocate scarce capital.
Warrington Property Group has unveiled the biggest completed transaction in Perth's commercial property market this year, buying the Australian Taxation Office building in Northbridge for $101 mill
