Villa World draws battle lines ahead of takeover bid

Villa World draws battle lines ahead of takeover bid

The battle for control of residential developer Villa World (ASX: VLW) has been ramped up with the company reportedly hiring Macquarie Capital as its defence adviser. The Gold Coast-based Villa World confirmed it has received a $280 million takeover bid from AVID Property Group and this has prompted its biggest investor, Singapore listed ...

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Tony Bellas steps down as Corporate Travel Management chairman

Tony Bellas steps down as Corporate Travel Management chairman

Corporate Travel Management (ASX: CTD) chairman Tony Bellas has announced his sudden retirement, with Ewen Crouch to take over effective from Monday. Bellas has been chairman of Corporate Travel Management for 10 years and has overseen the company's rapid growth from listing on the ASX in 2010 with a $70 million valuation to its curre...

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Smiggle pushes into new markets on profit rise for Premier Investments

Smiggle pushes into new markets on profit rise for Premier Investments

Solomon Lew's Premier Investments (ASX: PMV) will push its stationery brand Smiggle into 10 new countries in a strategy involving online and new stores which aims to target more than 700 million people. Smiggle will be pushing into South Korea, Indonesia, Thailand, the Philippines, the UAE and Canada directly with local operators and ...

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Navitas agrees to $2.1b takeover offer

Navitas agrees to $2.1b takeover offer

Education services provider Navitas (ASX: NVT) has agreed to a $2.1 billion takeover offer from a consortium led by private equity firm BGH Capital after months of wrangling between the two camps. BGH Capital, along with AustralianSuper and former Navitas CEO and founder Rod Jones, secured its long-awaited first deal after stalking its ta...

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Manikay puts MYOB takeover in jeopardy

Manikay puts MYOB takeover in jeopardy

Manikay Partners is edging closer to blocking the takeover of business management software provider MYOB (ASX: MYO) as it acquires more of the Australian company. Hedge fund Manikay now owns 14.93 per cent of MYOB, up from just 9.9 per cent two weeks ago. In order for the takeover of MYOB by Kohlberg Kravis Roberts & Co (KKR) to pass ...

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