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ASX to rise, global equities stage relief rally

ASX to rise, global equities stage relief rally
afr.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from afr.com Daily Mail and Mail on Sunday newspapers.

Spark, Sydney Airport and Boral takeover offers raise the heat on boards, says Chanticleer

Takeovers put boards on the spot The frenzy of takeover activity has turned up the pressure on company boards. Some respond in a manner designed to get a higher offer, whereas others close off all options immediately. Updated Save Share The wave of takeover offers induced by ultra-low interest rates, record levels of liquidity and bullish post-COVID-19 economic scenarios have prompted a cookie-cutter approach from Australian boards of directors. Bids totalling $348.2 billion for Sydney Airport, Spark Infrastructure, Tabcorp, Crown Resorts and Boral were all rejected upon receipt and without any concessions given to the bidders. Sydney Airport chairman David Gonski stopped the Sydney Aviation Alliance at the arrivals gate. 

Global tourism & leisure industry deals total $4 86 billion in April 2020

Global tourism & leisure industry deals total $4.86 billion in April 2020 May 27, 2020 Total tourism & leisure industry deals for April 2020 worth $4.86 billion were announced globally, according sector’s tracking database.. The value marked an increase of 67.4% over the previous month and a drop of 45.2% when compared with the last 12-month average of $8.86 billion. In terms of number of deals, the sector saw a drop of 50% over the last 12-month average with 57 deals against the average of 114 deals. In value terms, North America led the activity with deals worth $2.81 billion. Tourism & leisure industry deals in April 2020: Top deals The top five tourism & leisure deals accounted for 81.5% of the overall value during April 2020.

Factbox: Record-low rates spur Australia M&A frenzy in 2021

Factbox: Record-low rates spur Australia M&A frenzy in 2021
reuters.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from reuters.com Daily Mail and Mail on Sunday newspapers.

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