Original article by Michael Bleby
The Australian Financial Review – Page: 34 : 15-Sep-15
Private equity firm Crescent is seeking a controlling stake in Australian-listed Cardno. Crescent is offering $A3.15 for one of every two shares held by shareholders in the engineering firm. The announcement of the $A215 million bid triggered a rise of as much as 16.4 per cent in Cardno’s share price on 14 September 2015.
CORPORATES
CARDNO LIMITED – ASX CDD, CRESCENT CAPITAL PARTNERS LIMITED
Original article by Jenny Wiggins
The Australian Financial Review – Page: 23 : 10-Apr-15
AMEC Foster Wheeler CFO Ian McHoul expects difficult conditions in the oil and gas sector for another 1-2 years. He suggests that the eventual upturn in the sector is more likely to be U-shaped rather than V-shaped. The UK-based engineering group’s growing clean energy business is helping to offset falling demand for oil and gas industry services. The group is interested in Australian acquisitions
CORPORATES
AMEC FOSTER WHEELER PLC, WORLEYPARSONS LIMITED – ASX WOR, KBR INCORPORATED, FLUOR CORPORATION, AECOM, JACOBS ENGINEERING GROUP INCORPORATED, UBS HOLDINGS PTY LTD
Original article by Amanda Saunders, Sarah Thompson, Anthony Macdonald
The Australian Financial Review – Page: 15 : 7-Apr-15
Shares in Bradken closed at $A2.29 on 2 April 2015. The stock peaked at $A2.35 in response to revelations that Pacific Equity Partners and Koch Industries had made a takeover offer pitched at $A2.50 per share. The former had previously joined forces with Bain Capital to offer $A5.10 per share for the mining services group. Bradken directors have spurned the latest offer, arguing that it is too low
CORPORATES
BRADKEN LIMITED – ASX BKN, PACIFIC EQUITY PARTNERS PTY LTD, KOCH INDUSTRIES INCORPORATED, BAIN CAPITAL LLC, BLACKROCK INVESTMENT MANAGEMENT (AUSTRALIA) LIMITED, LEGG MASON ASSET MANAGEMENT AUSTRALIA LIMITED
Original article by Jenny Wiggins
The Australian Financial Review – Page: 13 & 18 : 3-Nov-14
The directors of Australian-listed Transfield Services in mid-October 2014 rebuffed an indicative takeover bid worth $A1.95 a share, received from Spanish group Ferrovial. The latter is now refusing to sign a confidentiality agreement put forward by the facility management company, to gain access for due diligence. The suitor argues the terms and conditions are excessively onerous, while Transfield maintains they are standard procedure. The directors will detail the reasons for rejecting the offer at the AGM on 5 November. Ferrovial may yet sweeten the already fairly priced offer
CORPORATES
TRANSFIELD SERVICES LIMITED – ASX TSE, GRUPO FERROVIAL SA, AUSTRALIA. DEPT OF IMMIGRATION AND BORDER PROTECTION, CIMB SECURITIES INTERNATIONAL (AUSTRALIA) PTY LTD, UGL LIMITED – ASX UGL, STEEL INGENIERIA LIMITADA, ENTERPRISE PLC
Original article by Jenny Wiggins
The Australian Financial Review – Page: 15& 20 : 9-Jul-14
Engineering firm UGL is seeking a new direction after the sale of its DTZ property services business. Chairman Trevor Rowe confirmed his retirement and will be replaced by Kate Spargo at the AGM in October 2014. Ross Taylor will also replace CEO Richard Leupen in October. Spargo plans to renew the board. The completion of the sale of DTZ will leave UGL with about $A500 million in cash. It will reduce its debt and return cash to shareholders
CORPORATES
UGL LIMITED – ASX UGL, DTZ AUSTRALIA PTY LTD, CALTEX AUSTRALIA LIMITED – ASX CTX, TRANSFIELD SERVICES LIMITED – ASX TSE, TABCORP HOLDINGS LIMITED – ASX TAH, ARGO INVESTMENTS LIMITED – ASX ARG, SONIC HEALTHCARE LIMITED – ASX SHL, FLETCHER BUILDING LIMITED – ASX FBU, HANG SENG BANK LIMITED, MTR CORPORATION LIMITED, TENIX PTY LTD, TPG CAPITAL LP, UBS HOLDINGS PTY LTD, MORGAN STANLEY AUSTRALIA LIMITED
Original article by Matt Chambers
The Australian – Page: 20 : 4-Jul-14
The Australian mining sector is slow to adopt digital technology. WorleyParsons CEO Andrew Wood said that better use of data in design and construction can significantly reduce the cost and time of new projects. He said that project times could be cut by 20 per cent. The cost of design could be reduced by up to 70 per cent by re-using data from other projects. Total capital costs could be reduced by up to five per cent
CORPORATES
WORLEYPARSONS LIMITED – ASX WOR, THE MELBOURNE MINING CLUB, RIO TINTO LIMITED – ASX RIO, BHP BILLITON LIMITED – ASX BHP, BANK OF AMERICA AUSTRALIA LIMITED, MERRILL LYNCH (AUSTRALIA) PTY LTD
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