Good evening,
 
 

Good evening,

Forget about an easy run into the end of the year!

The M&A boom is alive and kicking. Fuelled by cheap money, bidders are swooping in huge numbers and driving record levels of M&A activity in just about every sector.

Bankers reckon the deals will keep flowing until macroeconomic and/or funding market conditions change. Until then, the Monday deluge should continue.

This week’s M&A Monday was fever-pitch. Aristocrat Leisure made a $3.9 billion bid for UK gaming software company Playtech, HomeCo Daily Needs REIT made a $2.8 billion play for Aventus, 360 Capital went after property owner Irongrade and Senex Energy revealed it’s in exclusive talks with Posco.

There were also deals at Class Ltd and Apollo Consolidated, both snapped up by bigger ASX-listed players.

In Street Talk tomorrow, we look at what’s going on at Senex Energy, and check in on TPG Capital’s plans at Greencross.

We also caught UK wagering giant Entain buying a stake in a soon-to-be-listed Australian company.

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

 
The Australian Financial Review
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