News Archive
2009
- December [1]
2008
2007
- March [1]
2005
2003
2002
2001
- December [1]
- November [1]
- October [1]
- September [3]
- June [3]
- May [3]
- April [1]
- March [2]
- February [1]
- January [2]
2000
- December [1]
- November [2]
- September [2]
- August [3]
- July [1]
- June [7]
- May [2]
- April [4]
- March [3]
- February [2]
1999
Red Planet Probe <p>has A Wet Target
Sydney Morning Herald
Saturday December 4, 1999
PICKING THE FIGURE
Independent expert Grant Samuel & Associates has valued takeover target Metal Manufactures at $2.44 to $2.93 after Consolidated Electrical Distributors' fresh $2.10 tilt at the electrical merchandising group. The valuation is about 20pc above its $2.02 to $2.60 valuation during last year's bid, after adjusting for a 50c special dividend in April.
ANZ BUYS MORE
ANZ has lifted its stake in St George Bank from 4.9pc to 5pc.
BHP SELLS OFF
BHP sold its majority stake in general insurer World Marine & General to HIH Insurance.
WATCHFUL EYE
Rating agency Standard & Poor's ratings on Pioneer International remain on CreditWatch with negative implications. S&P said that subject to final regulatory approval of the 100 pc takeover by Hanson, Pioneer's long-term rating would be lowered to BBB-plus from A-minus and the A2 short-term rating on Pioneer would be affirmed.
AGC CUT OFF
NSW's Independent Pricing and Regulatory Tribunal issued its final decision on Albury Gas Company's access arrangement, cutting network revenues by 4.1pc between 1999 and 2000.
FINDING THE CLUES
Kimberley Diamond may be close to finding the source of diamonds on its acreage in the West Kimberley region in WA after uncovering a further 19 diamonds weighing a total of 4.29 carats. Striker Resources has also reported discovery of a further 2,311 diamonds from its Ashmore 2 pipe in WA.
OFFER EXTENDED
Ultramar Investments, a company associated with Zuellig Insurance Brokers, extended its cash offer of 95c a share for OAMPS to December 23.
HIGH FLYERS
Startrack Communications, a 100pc subsidiary of Platgold Pacific, is now the exclusive operator of GlobalWave, a satellite-based asset tracking and monitoring service in Australasia and the Pacific Rim.
ACQUITTED
Mr James Byron Kruse, a former employee of Carpenter Pacific's Papua New Guinea subsidiaries, Matu Mining, was acquitted of insider trading by a Liverpool District Court judge.
SIGNING UP
Bourse Data has signed an options agreement with interests linked to Sausage Software directors Gil Hoskins and Wayne Bos, who are joining the Bourse Data board.
© 1999 Sydney Morning Herald