WorleyParsons (WOR) Entitlement Offer

Oct 24, 2018 admin Australian economy, Equity, Investment Opps, SMSF 0 Comment

WorleyParsons Limited has completed the institutional component of its 1 for 1.47 accelerated non-renounceable pro-rata entitlement offer announced on Monday, 22 October 2018. The Entitlement Offer is being undertaken to part fund the acquisition of Jacobs Engineering Group Inc.’s Energy, Chemicals and Resources division.

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RIO Tinto Off-market buyback

Sep 21, 2018 admin Equity, Investment Opps 0 Comment

RIO has announced it will strengthen its portfolio by divesting non-core assets, including Australian coal assets for $4.2b US. Part of these proceeds will be returned through the launch of an off-market buy-back tender targeting up to 41.2 million Rio Tinto Limited shares (approximately A$2.7 billion1 (US$1.9 billion2)) with the balance of proceeds being allocated to further on-market purchases of Rio Tinto plc shares. 

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TRANSURBAN (TCL) $4.2 BILLION PRO RATA ACCELERATED RENOUNCEABLE ENTITLEMENT OFFER

Sep 03, 2018 admin Equity, Investment Opps 0 Comment

Transurban is undertaking an accelerated renounceable pro-rata entitlement offer (with retail entitlements trading) to raise approximately A$4.2 billion (the “Entitlement Offer”).

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Northern Star Placement

Sep 03, 2018 admin Equity, Investment Opps 0 Comment

Northern Star Resources (NST) is pleased to announce that is has successfully completed an institutional placement to raise ~A$175 million through the issue of ~26.1 million new shares.

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