Yesterday
Union backs Boral in emissions bunfight
The AWU warns against investment funds “hounding” companies on emissions targets to the point where industry is at risk.
- Simon Evans
Rich Lister angry over independent expert’s Pact valuation
Raphael Geminder’s Kin Group, which is trying to buy out the rest of the packaging group, says the Middle East conflict will make things tougher for Pact.
- Simon Evans
This Month
Takeover target Pact cuts 175 jobs, pursues asset sales
Rich Lister Raphael Geminder’s miserly buyout offer for the packaging group is struggling to gain traction.
- Simon Evans
Bosch parks Bendix Brakes on the sale block; MacCap hired
It is not known how advanced the MacCap-led process is, however, sources suggested it was well-progressed.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Fletcher Building accuses BGC of blame-shifting in plumbing nightmare
CEO Ross Taylor says Fletcher has not been drinking its “own Kool Aid”, with poor installation by WA plumbers the issue in high leak rates in new homes.
- Simon Evans
Billionaire’s buyout offer for Pact labelled too cheap
Independent directors say Raphael Geminder’s offer is opportunistic, with the shares, valued between $1.06 and $1.51, being well under a 68¢ a share bid.
- Simon Evans
- Opinion
- Chanticleer
The startling reason Boral is stopping production almost every day
Vik Bansal, chief executive of the building products giant, has provided a reality check on how the energy transition is actually rolling out for the Australian industry.
- James Thomson
Power-socket giant eyes housing upturn in 2024
The CEO of Legrand, a $38 billion French giant with a factory making switches in south-west Sydney, thinks electricians are likely to be busier next year.
- Simon Evans
September
- Opinion
- Manufacturing
Government bets on a manufacturing future
Australia’s ability to revive domestic manufacturing without ending up in an economic cul-de-sac is a key policy question for this decade.
- Updated
- Jennifer Hewett
Brickworks boss says housing shortage is worse than expected
Higher energy and labour expenses offset a rise in revenues at the building materials group. But demand for bricks and tiles is an underlying strength.
- Simon Evans
‘Protect your dream’, says LittleOak infant formula founder
A goat’s milk infant formula business sprang from a mum’s frustration, but optimism and enthusiasm is now the driving force.
- Simon Evans
Surge in China steel making buoys iron ore miners, hurts local producers
The uptick is expected to gather pace despite an edict for output to be curbed in a bid to reduce carbon emissions, analysts and fund managers say.
- Simon Evans
- Analysis
- Pharmaceuticals
The single company propping up an entire economy
Pharmaceutical giant Novo Nordisk’s first-mover advantage in weight-loss drugs has singled-handedly saved Denmark from recession. How long will the ride last?
- Hans van Leeuwen
Who’s next? Divorcing the ASX can bring hidden payday
Unloved companies are disappearing from the ASX through private equity buyouts, privatisations and voluntary delistings.
- Simon Evans
Rich Lister Raphael Geminder’s other packaging disaster
The billionaire wants to take Pact Group off the ASX, but another listed group in which he owns 66pc has also suffered a big slide.
- Simon Evans
Billionaire Geminder moves to take Pact private
The board of the packaging group told shareholders to ‘take no action’ for now, but Raphael Geminder already owns just over 50 per cent of Pact.
- Updated
- Simon Evans
- Opinion
- Chanticleer
Geminder joins deal-making billionaires as they charge into battle
Rich Lister Raphael Geminder’s move to take Pact Group private is pitched as a way to end minority shareholders’ pain.
- Anthony Macdonald
Fertiliser downturn at Incitec Pivot but sale talks still on
Farmers are shifting further towards lower-margin fertilisers, and the group is also grappling with production issues at a Queensland plant.
- Simon Evans
Bubs boardroom battle responsible for cost surge, company says
The infant formula group’s board led by former King & Wood Mallesons partner Katrina Rathie, survived a push by the company’s founders to oust them.
- Carrie LaFrenz
PE-backed RV accessories maker Recreation Brands taps Miles Advisory
Mid-market private equity investor Seneca Capital is revving up to meet potential investors for its RV accessories maker and distributor Recreation Brands.
- Sarah Thompson, Kanika Sood and Emma Rapaport
