Good evening,

Another day, another couple of deals.

This time it was long-time takeover target iCar Asia, which has held takeover talks with numerous suitors in the past three years, and only recently listed prepared-meals company Youfoodz, which decided life on the ASX boards wasn’t all it was cracked up to be.

There’s no doubt about it, the market’s in an M&A mood. The question is just who gets hit next.

NAB confirmed it was among the buyers late on Tuesday, chasing Citigroup’s Australian retail business.

In Street Talk tomorrow, we have a look at Blackmores’ move to shore up its defences, and chase down the latest LIC raising.

And we take a look at 2degrees, the biggest Kiwi company IPO to target the ASX in five years.

Happy reading,
Anthony Macdonald and Yolanda Redrup

Street Talk editors