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Superannuation

Westfields makes $1.48 bln bid to acquire Duelguide

AAP  |  THURSDAY, 30 SEP 2004
Westfield Group has submitted a $1.48 billion cash bid to acquire Duelguide plc, the owner of unlisted UK property developer Chelsfield.

Seven says foreign ownership level above allowed level

AAP  |  THURSDAY, 30 SEP 2004
Seven Network on Wednesday warned investors its foreign ownership levels had breached Australia's strict limits and it might have to order the sale of some foreign holdings in its shares.

Investors now less risk averse: ING

Investors are becoming less risk averse with an increasing take up of shares, managed funds and property, ING said today.

Macquarie Office completes takeover of Principal America Office

AAP  |  WEDNESDAY, 29 SEP 2004
Macquarie Office Trust (MOF) today announced its $850 million friendly takeover of Principal America Office Trust was virtually complete, with Macquarie to compulsorily acquire the remaining units it needs.

Macquarie prices $750 million PUMA Masterfund Series B issue

AAP  |  WEDNESDAY, 29 SEP 2004
Macquarie Securitisation today announced that the $750 million PUMA Masterfund P-10 Series B bond issue was priced yesterday.

ASX CEO to join financial services sector

AAP  |  WEDNESDAY, 29 SEP 2004
Outgoing Australian Stock Exchange Ltd (ASX) chief executive Richard Humphry on Tuesday said he had accepted a future position on the board of an Australian financial services company.

New challenges keep coming, says ASIC chairman

AAP  |  WEDNESDAY, 29 SEP 2004
The head of Australia's corporate regulator on Tuesday said his organisation was facing challenges in overseeing companies as they battle to meet their new reporting obligations.

Eurofima launches September 2009 $225 million Kangaroo issue

AAP  |  WEDNESDAY, 29 SEP 2004
The European Company for the Financing of Railroad Rolling Stock - Eurofima, has on Tuesday launched a September 2009 $225 million Kangaroo bond issue.

UBS to buy 3% stake in Babcock & Brown

Global investment bank UBS has confirmed it will buy a 3% stake in the upcoming float of soon-to-be Australian-based investment house Babcock & Brown.

Deustche property trust merger approved by unitholders

AAP  |  TUESDAY, 28 SEP 2004
Investors on Monday approved a merger between the three Deutsche property trusts to form a $3 billion group, in one of the latest examples of consolidation in the listed property sector.