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‘This pleading is a mess’: Judge slams liquidators’ case against Forge directors and auditors
Restructuring & Insolvency 2019-08-16 4:11 pm By Amelia Birnie

A judge has sent insolvency firm Ferrier Hodgson back to the drawing board to redraft its pleadings against the former directors and auditors of collapsed construction company Forge Group, warning that the overlapping actions were at risk of becoming an “unrideable bull”.

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ACCC raises concerns over Emergent, Oxford cold storage deal
Competition & Consumer Protection 2019-08-15 10:46 pm By Christine Caulfield

US cold storage giant Emergent Cold’s proposed takeover of rival Australian company AB Oxford faces scrutiny by the competition regulator, which has raised preliminary concerns that the deal would hike up prices and bring down service.

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ACCC flags competition concerns about Bis-Cougar Mining deal
Competition & Consumer Protection 2019-08-08 9:23 pm By Cat Fredenburgh

The competition regulator has raised concerns about Bis Industries’ proposed acquisition of Cougar Mining Group, saying the threat of new competitors appeared unlikely to significantly constrain the combined company.

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Ex-Reinventure partner must have independent valuer assess her claim to cut of $100M
Financial Services 2019-08-07 3:09 pm By Miklos Bolza

The former partner of Westpac-backed venture capital firm Reinventure Group has been ordered to appoint an independent valuer to clarify the claimed loss against her former employer before the parties enter mediation.

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ACCC greenlights Wesfarmers’ $230M acquisition of Catch Group
Competition & Consumer Protection 2019-08-05 9:00 pm By Amelia Birnie

The competition regulator has cleared the way for Australian retail giant Wesfarmers to acquire online retailer Catch Group for $230 million, after finding the acquisition would be unlikely to impact competition in online marketplaces.

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Shareholders give thumbs up to create IP services behemoth
Intellectual Property 2019-07-25 10:40 pm By Christine Caulfield

Shareholders of Xenith IP have voted to approve a hard-fought takeover proposal by Australia’s largest intellectual property services firm IPH, in a deal that will create an IP services giant employing a staff of over 1,000 across the Asia Pacific.

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ACCC greenlights auto dealership merger, with proviso
Competition & Consumer Protection 2019-07-25 9:48 pm By Christine Caulfield

The competition watchdog has signed off on a proposed merger of AP Eagers and Automotive Holdings Group, Australia’s two biggest auto retailers, on the condition that AP Eagers divest two new car dealerships.

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ACCC flags competition concerns in $350M ANZ Terminals, GrainCorp tie-up
Competition & Consumer Protection 2019-07-25 2:29 pm By Cat Fredenburgh

The Australian Competition and Consumer Commission has expressed competition concerns about ANZ Terminals’ proposed acquisition of a unit of global agribusiness GrainCorp, despite the storage specialist offering to divest one of its terminals to win approval for the $350 million deal.

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Global textiles giant Simba can peek at IFOTA’s books, judge says
Securities 2019-07-02 3:08 pm By Cat Fredenburgh

Clothing manufacturer IFOTA has been ordered to open its books to shareholder Simba after it raised concerns about IFOTA’s management and financial position.

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Mondelez overvalued Aussie biz in $460M sale to Bega, suit claims
Corporate 2019-07-01 9:43 pm By Cat Fredenburgh

Bega Cheese is accusing global food giant Mondelez of overstating the value of the Australian assets purchased for $460 million in July 2017 as part of a deal that’s also at the centre of an ongoing dispute with Kraft over peanut butter trade dress rights.

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