IGO Ltd's $1 billion stake in AngloGold Ashanti's Tropicana gold mine is formally on the block - as Street Talk foreshadowed last Thursday - and the smart money is already predicting $1 a share or more to be created for shareholders.
Tonight we consider which of the Australian mid-cap gold miners, that are never afraid of a deal, is likely to be interested and how the most logical acquirer - aka AngloGold - is likely to play the situation
The strategic review, announced on Friday, is another win for activist shareholders - not to mention Macquarie Capital's natural resources bankers who are in the box seat to land the sell-side mandate.
Also on the activist shareholder front, we look into what's happening on the register of red-hot takeover target Australian Unity Office Fund. A bunch of brokers have been hoovering up shares in the company in recent weeks on behalf of Hume Partners, which is no stranger to the real estate investment trust.
Fantastic Furniture chief executive Kieron Ritchard has one job when he makes his maiden pitch to fund managers this week, ahead of a potential sharemarket listing.
CBD office towers may be out of favour as working from home looks set to be a thing long after COVID-19 has passed into the medical text books, but one legendary investor still sees value in the beaten down sector.
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