Good evening,

All signs are pointing to blood products giant CSL getting its ducks in a row to make an official bid for Vifor this week.

Time is of the essence with this one because it gets increasingly hard to get a rights issue completed the closer it gets to Christmas. Thus, it’s not surprising the $4 billion-odd raise will take the form of a placement, with a share purchase plan for retail investors.

At the other end of the spectrum, local user research data platform Dovetail is breaking away from its Atlassian roots, raising a massive $86 million from local and offshore VCs.

There’s still a bit of mystery about who has come on as the lead investor, but Blackbird is understood to have bought in again, and fingers were pointing at Accel Partners as one of the funds doing due diligence.

Elsewhere, four and a half months after Korean steelmaker Posco rocked up with a $4-a-share offer, Senex Energy and Posco have agreed to a binding deal; virtual corporate credit card and expense management company DiviPay has raised $20 million; and EQT’s Metlifecare has nabbed a $NZ1.25 billion ($1.18 billion) loan.

Happy reading,
Anthony Macdonald, Yolanda Redrup and Kanika Sood
Street Talk editors