Kerry Stokes' Seven Network has cleared the final hurdle in its merger with privately-owned industrial equipment business WesTrac, with the Federal Court today approving the $3 billion deal.
THE Federal Court is the last remaining obstacle to a $3 billion merger of Perth billionaire Kerry Stokes WesTrac heavy equipment business and the Seven Network, following overwhelming approval of Seven's minority shareholders this week.
Kerry Stokes' planned merger of the Seven Network with his giant WesTrac mining services arm is designed to make it the first choice of investors wanting low-risk direct exposure to the China story.
Seven Network chairman Kerry Stokes is speculated to be behind the latest purchase of a parcel of Consolidated Media Holdings shares valued at $28 million as James Packer confirms he has lifted his stake in the company to nearly 41 per cent.
WITH the drums of the global financial crisis still pounding their deep-toned warnings, the shrill sounds of peripheral issues appear to have been drowned out.
The board of West Australian Newspapers has undergone a major shakeup today with four directors, including chairman Peter Mansell and managing director Ken Steinke, tendering their resignation.
Nearly a year after seeking board seats and more than six months after their demand became hostile, Kerry Stokes and Peter Gammell are to become directors of West Australian Newspaper Holdings Ltd.
Media magnate Kerry Stokes stepped up his attack on WA Newspapers Holdings Ltd today, telling nearly 1,200 Western Australian business people that the publisher had lost focus to its customers.
The directors of WA Newspapers Holdings Ltd have highlighted Seven Network Ltd's riskier investment profile, as they have sought to repel the rival media company's boardroom moves.
Seven Network Ltd chairman Kerry Stokes plans to break his silence on his challenge to the board of West Australian Newspapers Holdings Ltd, agreeing to speak exclusively at a WA Business News' Success and Leadership breakfast.
The long-awaited move by Kerry Stokes' Seven Network Ltd on West Australian Newspapers Holdings Ltd started this week, offering all the hallmarks of a long and protracted fight.
West Australian Newspaper Holdings Ltd has hit back at criticism by Seven Network Ltd chairman Kerry Stokes, calling the move to oust WAN directors an attempt by Seven to wrestle control of the company without paying an appropriate premium for it.
Stokes bid inaction blamed for WAN share slide; Coles returns to WA beef; Credit fears weigh on Wall Street; Big Business demands budget cuts to ease inflation; JB Hi-Fi upbeat despite 16% slide
Iron Ore Holdings Ltd has disclosed that executive director Derek Ammon was the seller of a $5.9 million parcel of shares bought last month by Seven Network chairman Kerry Stokes.
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.
ROBERT Homes a Court and Alan Bond have both owned it in the past. Now a third West Australian entrepreneur, Seven Network chairman Kerry Stokes, is poised to own the NSW dealership for Caterpillar.
