Senex Energy will lead ASX-listed company M&A news on Monday morning, although it’s not what shareholders had been hoping for.
Suitor Posco International has asked for more time to shore up its $890 million bid for the company and Senex’s board, having gone this far down the garden path and having obtained what they think is a big bid, is expected to grant it.
Senex investors will be reading between the lines to try to work out whether there’s anything more to the delay.
US investment giant Blackstone has quietly canned talks to find a buyer for its controlling stake in Australian non-bank lender LaTrobe Financial, and instead took a hefty dividend from the business.
As Crown Resorts’ investors wait for their board to decide what to do about Blackstone’s latest bid, analysts are dusting off OpCo-PropCo models to help fill the void.
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