It’s half-time in the deal’s year, and time for a bit of reflection.
It’s been a year of M&A thrills and spills - AGL Energy, Brambles, Appen, Humm, and plenty more we never got wind of - and a cold winter in equity capital markets.
It’s half-time in the competitive world of institutional equities and desk bosses have the oranges out, ready to rally troops to go harder in the second period.
Andrew Forrest put an end of financial year offer to fund managers on Thursday night. He was seeking 113 million Regis shares worth $168 million, or a 13.8 per cent premium to the last close.
Mitsui & Co has upped its stake in positioning and site automation solutions business Position Partners, going up from owning 20 per cent of the business to being a majority shareholder.