An interesting article by the Sydney Morning Herald.
Earlier this year, the Australian government announced a series of changes to the foreign investment framework including further details on the lower threshold for agriculture-related acquisitions, new FIRB application fees, and stricter enforcement regime for real estate acquisitions. Norton Rose Fulbright recently published an article discussing this in further detail. “
Arion Consulting Group has key expertise in foreign investment facilitation, including identifying business investment opportunities and acquisitions, establishing businesses in Australia and conducting due diligence investigations.
The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Monday:
- Warren Buffett’s Berkshire Hathaway said it would buy aerospace parts maker Precision Castparts Corp in a $37.2 billion deal, its biggest ever, taking it out of the market for another big acquisition for now.
- Shire Chief Executive Flemming Ornskov is stepping up his campaign to get Baxalta to the negotiating table as he pushes the benefits a $30 billion takeover offer to the U.S. biotech company’s shareholders.
- German salt and fertilizer company K+S AG says a survey of its retail investors shows they strongly support its rejection of a 7.9 billion euros ($8.6 billion) takeover offer from Canada’s Potash Corp of Saskatchewan. See more