Deals

Debt-laden Elders has received at least one formal bid for its main rural services business and is working on securing a sale, following eight months of negotiations.

Rio Tinto has agreed to sell its Eagle project in the US to Lundin Mining Corporation for an estimated $US35 million ($A37 million) in cash.

The capital strike hitting the resources sector risks doing long-term damage to the industry’s growth prospects.

Share market operator ASX is raising $553 million to fund growth by issuing new shares to existing shareholders.

Wesfarmers chief executive Richard Goyder is hopeful the conglomerate will seek out new acquisitions offshore in the years ahead.

Peet chairman Tony Lennon has lifted his interest in the land development company to 21.4 per cent after participating in a special placement tied to its takeover of east coast property company CIC

Subiaco company Kairiki Energy has cancelled a $12 million right issue that was “partially and conditionally” underwritten by Patersons Securities, after failing to achieve its minimum subscription

The Wyllie Group has realised a big profit on its six-year investment in Amcom Telecommunications, selling half of its total holding in the listed Perth company.

Embattled lithium producer Galaxy Resources has announced a deeply discounted $47 million rights issue to give the company a much needed cash injection.

Glencore Xstrata has scrapped plans for a coal export terminal in Queensland, citing excess port capacity and a worsening outlook for the sector.

Once seen as an attractive capital source for Australian companies, regulatory hurdles in Canada combined with depressed global markets have dampened enthusiasm for dual listings.

Former agricultural investment company AACL Holdings has decided its future lies with a technology business established by Perth entrepereneur Gavin Burnett.

BHP Billiton has sold a copper mine in the US for $US650 million ($A634 million) as the resources giant continues to off-load assets.

Troubled surfwear retailer Billabong has extended its exclusive takeover talks with the Sycamore consortium.

New Zealand's Restaurant Brands, which operates KFC, Starbucks, Pizza Hut and Carl's Jr fast-food brands, has dismissed speculation it might be in the running to buy 40 KFC stores in Western Austra

Shares in Sundance Resources plunged after resuming trade today, after it officially canned its $1.3 billion takeover deal with China's Hanlong Mining overnight.

Sundance Resources says it is concluding talks with suitor Hanlong Mining.

Shares in troubled retailer Billabong have been suspended indefinitely so it can continue takeover talks with two potential suitors.

Sundance Resources is likely to end its takeover talks with Hanlong Mining and look for another Chinese suitor.

Shares in Linc Energy fell more than 12 per cent after the company announced it has raised $200 million through a convertible bond issue.

Aleator Energy has secured a $US20 million loan to fund exploration at its Povorotnoye gas and condensate development in the Ukraine.

Torque Mining has pulled its initial public offering off the table after it failed to meet the minimum subscription threshold of $3 million.

 Qantas and Emirates have been given the green light to form a global alliance, albeit with special conditions for flights across the Tasman.

Virgin Australia has received approval from the High Court of Singapore for its purchase of Skywest Airlines.

Crusader Resources has secured a $20 million debt finance facility with Macquarie Bank which will fund the development of its Brazilian projects - the Borborema gold project and Posse iron ore deve

Shares in takeover target Norfolk Group were up strongly today after bad news on a contract termination was outweighed by the disclosure that its takeover price could be nearly twice the 38 cents p

Hanlong's troublesome 20 month-long takeover of Sundance Resources looks to be almost dead, after the Chinese suitor disclosed it would not meet a key funding deadline for the $1.3 billion dea

Gold junior Hannans Reward has raised $2.8 million to fund exploration at its Pahtohavare copper-gold project in northern Sweden.

Cedar Woods director Robert Brown has sold off just over $4.7 million shares in the company.

RCR Tomlinson has made a $62 million offer to purchase engineering contractor Norfolk Group.

Investor Craig Burton and Navitas executive Scott Jones have backed a restructurting at Verus Investments, which has announced a capital raising and a new managing director to support its oil &

Commonwealth Bank is free to seize control of independent mortgage provider Aussie Home Loans after the competition watchdog gave its blessing to the deal.