Resource Equipment has announced plans to raise up to $8.8 million through a share placement to a consortium of investors with experience in the equipment rental and water management industries.
Former WesTrac chief executive Jim Walker is set to step up to the role of chairman at Macmahon Holdings, replacing incumbent chair Ken Scott-Mackenzie who will retire next month.
Seven West Media has completed its takeover of National Hire Group, after Tasmanian Caterpillar dealer Dale Elphinstone relinquished his 21.9 per cent stake in the company for around $122 million.
Seven Group Holdings has upped its takeover bid for National Hire Group, after its initial offer of $3.00 per share was rejected by the target's major shareholder, Tasmania-based Caterpillar dealer
National Hire Group director and major shareholder Dale Elphinstone has urged stock owners to reject Seven Group Holdings' $3.00 per share takeover offer.
Seven Group Holdings has launched an off-market takeover bid to acquire the remaining interest it does not already hold in National Hire Group, parent company of the Coates Hire and Allight equipme
Seven Network chairman Kerry Stokes has paid a hefty premium over the market price for shares owned by Perth businessman Neven Botica in National Hire Group because of a 'shortfall indemnity agreement' signed in 2004.
