INTERNATIONAL BUSINESS ENTERPRISES

Amcor in massive $13b buyout of Berry Group

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Original article by Simon Evans
The Australian Financial Review – Page: Online : 20-Nov-24

Amcor will maintain its primary listing on the NYSE and a secondary listing on the ASX following its proposed $13 billion all-scrip merger with rival packaging firm Berry Group. Amcor shareholders will own about 63 per cent of the merged company, which will boast 400 packaging plants worldwide, a global workforce of, 75,000 and revenues of $US24 billion. Amcor has forecast that the merger will generate synergies of about $US650m. Amcor shifted its primary listing to the US in 2019 following the acquisition of Bemis Company, and subsequently relocated its global headquarters to Zurich.

CORPORATES
AMCOR LIMITED – ASX AMC, BERRY GROUP, BEMIS COMPANY INCORPORATED

BHP only local to make global top 100 list

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Original article by Damon Kitney
The Australian – Page: 19 : 19-Aug-19

BHP is ranked 63rd in PwC’s latest list of the Global Top 100 companies by market value. BHP’s market capitalisation was estimated to be $US131bn at the end of March, according to the PwC report. The resources giant is the only Australian company to have made the latest list, with the Commonwealth Bank falling out of the top 100. Microsoft has topped the list with a market capitalisation of $US905bn ($1.33trn). The US accounts for 54 companies in the list, while 15 are based in China.

CORPORATES
BHP GROUP LIMITED – ASX BHP, PRICEWATERHOUSECOOPERS, COMMONWEALTH BANK OF AUSTRALIA – ASX CBA, MICROSOFT CORPORATION, APPLE INCORPORATED, THE GOLDMAN SACHS GROUP INCORPORATED, GRUPO SANTANDER, JP MORGAN AND COMPANY INCORPORATED, EXXONMOBIL CORPORATION, RELIANCE INDUSTRIES LIMITED, TATA CONSULTANCY SERVICES, SALESFORCE.COM, ELI LILLY AND COMPANY

Investors circle ailing companies in the valley of debt

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Original article by Vera Sprothen
The Australian – Page: 19 & 23 : 12-Oct-16

Preqin estimates that private debt fund managers had access to a record $US199bn ($A262bn) at the end of June 2016. Such companies are believed to be seeking to acquire distressed assets in Australia, including sectors such as resources, mining services, agricultural and housing. Distressed debt funds are said to be looking to buy debt-burdened companies or the debts of businesses than cannot meet their repayments. Oaktree Capital Management and Lone Star Funds are among the global debt fund managers that have established a presence in Australia.

CORPORATES
PREQIN LIMITED, OAKTREE CAPITAL MANAGEMENT LLC, LONE STAR FUNDS, BAIN CAPITAL CREDIT, SC LOWY FINANCIAL (HK) LIMITED, MOODY’S INVESTORS SERVICE INCORPORATED, ARRIUM LIMITED – ASX ARI, PEABODY ENERGY CORPORATION, RESERVE BANK OF AUSTRALIA, WELLS CAPITAL MANAGEMENT, ALLENS, McALEESE LIMITED – ASX MCS, BHP BILLITON LIMITED – ASX BHP, ROYAL DUTCH SHELL PLC

Henderson, Janus create $US6b giant

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Original article by Vesna Poljak, Jessica Gardner
The Australian Financial Review – Page: 13 & 16 : 4-Oct-16

Australian-listed global fund manager Henderson Group will merge with US-based Janus Capital Group. Henderson shareholders will control 57 per cent of the new entity, which will be called Janus Henderson GlobalInvestors and boast $US320bn worth of assets under management. Henderson CEO Andrew Formica and former Pimco executive Dick Weil will be joint CEOs of the merged company, which will be dual-listed on the Australian and New York stock exchanges.

CORPORATES
HENDERSON GROUP PLC – ASX HGG, JANUS CAPITAL GROUP INCORPORATED, JANUS HENDERSON GLOBALINVESTORS, PACIFIC INVESTMENT MANAGEMENT COMPANY LLC

Hotel giants’ tie-up opens luxury doors

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Original article by Larry Schlesinger
The Australian Financial Review – Page: 35 : 18-Nov-15

JLL’s Mark Wynne Smith anticipates further consolidation in the global accommodation industry in the wake of the proposed merger of Marriott International and Starwood Hotels & Resorts. The combined group will boast 5,500 hotels and 1.1 million rooms worldwide, including 16 hotels and 5,000 rooms in Australia. The two companies plan to add an additional 2,500 hotel rooms in Australia during the next five years.

CORPORATES
MARRIOTT INTERNATIONAL HOTELS INCORPORATED, STARWOOD HOTELS AND RESORTS WORLDWIDE INCORPORATED, JONES LANG LASALLE INCORPORATED, ACCOR ASIA PACIFIC, MANTRA GROUP LIMITED – ASX MTR, THE RITZ-CARLTON HOTEL COMPANY LLC, SHERATON HOTELS, W HOTELS, WESTIN HOTELS AND RESORTS, FOUR POINTS BY SHERATON, SAVILLS (AUST) HOLDINGS PTY LTD, BRIGHT RUBY RESOURCES PTE LTD, SUNSHINE INSURANCE GROUP COMPANY LIMITED, INTER-CONTINENTAL HOTELS AND RESORTS, HILTON HOTELS CORPORATION

SABMiller’s dry spell in beer market

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Original article by Simon Evans
The Australian Financial Review – Page: 28 : 14-May-15

The Asia-Pacific division of SABMiller has reported EBITDA of $US768m for the year to 31 March 2015, which is nine per cent lower than previously, while profit margins declined from 21.4 per cent to 19.9 per cent. The global beverages group’s sales in Australia fell by two per cent, with sales of premium brands rising and its key brands losing ground.

CORPORATES
SABMILLER PLC, FOSTER’S GROUP LIMITED, LION PTY LTD, KIRIN HOLDINGS COMPANY LIMITED, AUSTRALIAN BUREAU OF STATISTICS, COMMONWEALTH SECURITIES LIMITED, WOOLWORTHS LIMITED – ASX WOW, COLES GROUP LIMITED, WESFARMERS LIMITED – ASX WES, BWS – BEER WINE SPIRITS, DAN MURPHY’S, LIQUORLAND (AUSTRALIA) PTY LTD, VINTAGE CELLARS (AUSTRALIA) PTY LTD, BLUETONGUE BREWERY PTY LTD