Live cattle exporter Wellard is set to list at $1.39 per share, launching a prospectus to raise close to $300 million to give the business a market capitalisation of almost $560 million.
The competition watchdog has cleared oil and gas giant Shell's proposed $70 billion takeover of rival BG Group, saying it will not substantially alter the domestic natural gas market.
Perth tech companies Norwood Systems and rent.com.au have completed capital raisings worth a combined $9.3 million, with Norwood planning to raise a further $1.5 million to fund further marketing of its products.
Henderson-based engineering firm Civmec has moved to gain a foothold in the east coast defence shipbuilding industry by striking an agreement to purchase the projects division of private company Forgacs Engineering.
Perth company Liquefied Natural Gas has finalised an engineering contract for an LNG plant in the United States that will cost about half as much, per tonne of production, as most of the LNG plants under construction in Australia.
The upcoming float of livestock exporter Wellard is set to be the fifth biggest in Western Australia’s history, and will also stretch the market lead of investment bank UBS, according to research by Business News.
Perth technology company Velpic has enjoyed a strong debut on the ASX today, with its shares jumping 188 per cent above the pricing of its recent $4 million capital raising.
The contest for Asciano looks set to heat up after a QUBE Holdings-led consortium sought to trump Brookfield Infrastructure with a $9.02 billion takeover proposal for the ports and rail operator.
Wellard managing director Mauro Balzarini is planning to sell a 60 per cent stake in the livestock export business through an initial public offering (IPO) that will be one of Western Australia’s largest.
Local explorer Dacian Gold has kicked off a $25 million capital raising to fund ongoing work at its Mt Morgans project near Laverton, where it hopes to start construction in 2017.
Oil and gas producer Santos plans to cut its debt by $3.5 billion through two capital raisings and one asset sale, in an effort to ride out weak oil prices, and has recruited Clough boss Kevin Gallagher as its new chief executive.
Evolution Mining appears close to finalising a protracted takeover bid for smaller rival Phoenix Gold, with both companies announcing their boards had reached an agreement after Evolution increased the cash component of its offer.
Canada's Brookfield Infrastructure is determined to take over ports and rail operator Asciano despite Australian logistics firm Qube Holdings having a 19.99 per cent blocking stake in the target.
Engineering firm RCR Tomlinson has secured new contracts worth a combined $100 million, including $48 million in water infrastructure projects in Western Australia.
The competition watchdog has given the go-ahead for Vocus Communications to merge with M2 Group in a $3 billion deal that will create Australia's fourth largest telco.
Perth company Minemakers has struck a deal with an African investor that will deliver new funding of $28 million for its Baobab phosphate project in Senegal.
An independent expert’s report commissioned by Aspen Group has concluded that its takeover of the Aspen Parks Property Fund is fair and reasonable and superior to a competing proposal.
Takeover target Asciano is hopeful Canada's Brookfield Infrastructure can still pull off its $8.9 billion bid, despite local logistics firm Qube moving to block the marriage.
Perth companies Valmec and Northern Minerals have struck agreements to raise up to a combined $8.2 million through the issue of convertible securities.
Balcatta-based Orbital Corporation has sold its stake in engine management systems supplier Synerject to partner Continental Automotive Systems for $US17.8 million ($A24.9 million).
Santos and Quadrant Energy have signed a deal for the sale of the Stag oil project in the Carnarvon Basin to Malaysian company Sona Petroleum for $US50 million ($A70 million).
