Good evening,
 
 

Good evening,

Australian M&A is full of thrills and spills - and momentum has clearly shifted towards the latter.

Following AGL Energy’s decision to pull its demerger and Humm’s decision to cancel its $335 million consumer unit sale, bankers are tipping more spills in coming weeks.

The question, of course, is where and when. While boards will talk about market volatility, funding conditions and the like, seasoned bankers reckon it all comes down to sentiment. And, clearly, sentiment is waning.

In deals on Monday, we’re tipping Cooper Energy to be in the market for $245 million to (finally) acquire APA Group’s Orbost gas processing plant, and have spotted a new sale out of Lazard Australia.

Happy reading,
Anthony Macdonald, Sarah Thompson and Kanika Sood
Street Talk editors

 
The Australian Financial Review
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