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Australian Company News 2 December 2008 (Tuesday) | ||
| AGO | ATLAS IRON | Atlas Iron appoints new chairman (WA Business News) Atlas Iron has appointed independent non-executive director Geoff Clifford as chairman of the company, taking over from David Nixon who was ousted at the company's annual general meeting... |
| CBA | COMMONWEALTH BANK OF AUSTRALIA | CommBank, NAB pass on full rate cut (WA Business News) The Commonwealth Bank of Australia and the National Australia Bank have been swift in their response to the central bank's 100 basis point cut, passing on the full reduction to their customers... |
| COE | COOPER ENERGY | Texan firm launches Incremental bid (WA Business News) Takeover target Incremental Petroleum says it will respond "sooner rather than later" to an $84 million takeover bid by its joint venture partner in Turkey, Texan oil explorer TransAtlantic Petroleum Corporation... |
| CVI | CITYVIEW CORPORATION | CityView terminates underwriting deal (WA Business News) Perth-based CityView Corporation has terminated an underwriting deal for a $6 million capital raising after learning its underwriter was not appropriately licenced... |
| FSN | FUSION RESOURCES | Paladin proposes $18m bid for Fusion (WA Business News) Paladin Energy has proposed an $18 million all-scrip takeover for Perth-based Fusion Resources, in a move that will expand the uranium miner's land holding in Queensland... |
| GGG | GREENLAND MINERALS AND ENERGY | Greenland uranium nod boosts Perth firm (WA Business News) Shares in West Perth-based Greenland Minerals and Energy have jumped 27 per cent after Greenland's parliament gave in principle support to uranium mining... |
| IPM | INCREMENTAL PETROLEUM | Texan firm launches Incremental bid (WA Business News) Takeover target Incremental Petroleum says it will respond "sooner rather than later" to an $84 million takeover bid by its joint venture partner in Turkey, Texan oil explorer TransAtlantic Petroleum Corporation... |
| MRE | MINARA RESOURCES | Glencore to lift Minara stake to 70% (WA Business News) Swiss trading giant Glencore International will increase its stake in Minara Resources to over 70 per cent after subscribing to a shortfall of shares in the Perth firm's $210 million capital raising... |
| MRM | MERMAID MARINE AUSTRALIA | Mermaid secures $100m Chevron deal (WA Business News) Mermaid Marine Australia has signed a formal sublease contract with Chevron Australia to support the development of the Gorgon project, in a deal worth some $100 million... |
| NAB | NATIONAL AUSTRALIA BANK | CommBank, NAB pass on full rate cut (WA Business News) The Commonwealth Bank of Australia and the National Australia Bank have been swift in their response to the central bank's 100 basis point cut, passing on the full reduction to their customers... |
| PDN | PALADIN ENERGY | Paladin proposes $18m bid for Fusion (WA Business News) Paladin Energy has proposed an $18 million all-scrip takeover for Perth-based Fusion Resources, in a move that will expand the uranium miner's land holding in Queensland... |
| WCI | WARATAH COAL INC | Waratah accepts revised Palmer offer (WA Business News) Billionaire Clive Palmer is set to take control of Toronto-listed Waratah Coal, after the company accepted a revised $126 million offer by his private company Mineralogy... |
| WES | WESFARMERS | Tilbrook to step down from Wesfarmers (WA Business News) Wesfarmers finance director Gene Tilbrook has decided to step down from the company after 23 years of service, with Terry Bowen appointed as his replacement... |
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