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Dec 19, 2010

Perpetual ends takeover talks with KKR: Financial and Forex Info News( F & F I N)

Financial & Forex Info News




Perpetual ends takeover talks with KKR
Perpetual Cynthia Koons PERPETUAL and Kohlberg Kravis Roberts have ended takeover talks after failing to reach "mutually acceptable terms".
 
NBN return lower than in commercial plan
NBN logo Lauren Wilson THE National Broadband Network will deliver an internal rate of return of 7 per cent, according to the NBN Co business plan released today.
 
Crane Group rejects Fletcher's offer
construction Graham Morgan CRANE Group rejected today a takeover bid by New Zealand's Fletcher Building.
 
Gold price to continue rising in 2011
Aus Bus Pix Gold Indian jeweller Alex MacDonald GOLD mining companies expect the current gold rush to continue as gold prices are forecast to continue rising in 2011.
 
Rio close to selling talc business
Rio Tinto Helen Power RIO Tinto is in advanced talks to sell its talc business to the French mineral conglomerate Imerys for up to 500 million euros ($667m).
 
Ramsay shares rise on profit upgrade
Ramsay Health Care RAMSAY Health Care upgraded its full-year profit forecast today after flagging a rise of up to 28 per cent in first-half earnings.
 
Coffey to cut jobs as earnings tumble
construction jobs COFFEY International warned today of a halving in first-half operating earnings as it made further cost cuts, including about 100 jobs.
 
Shareholders to get more salary power
bizmoney money hand 20100302 SHAREHOLDERS will be given unprecedented power over executive salaries as part of laws proposed by the federal government.
 
Financial Markets
NBN reliant on foreign debt funding
telecoms network wires Ray Brindal THE NBN Co will begin tapping the capital markets from 2015 and expects to be a "top tier" debt issuer.
 
Local stocks firm on energy, miners
Gold price to continue rising in 2011
 
Financial Markets Coverage
 
Mining & Energy
Indian investors snap up resources opportunities
Griffin to be sold Geoff Hiscock   Hyderabad energy and construction tycoon L. Madhusudhan Rao is the latest in a line of Indian investors to snap up Australian mining assets.
 
Gold price to continue rising in 2011
Santos shares up 5pc on $500m raising
 
More Mining & Energy Coverage