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  • Saputo pushes for Bega’s Warrnambool stake | Business Spectator
    Technology Infrastructure Insurance Manufacturing Media and Digital Resources and Energy Professional Services Property Retail Small Business SME Telecommunications The Ashes Tourism Transport and Logistics Video KGB TV China Spectator CEO Hub Leadership Lab Management Insights Young Leaders Knowledge Centre Adapt or Die Knowledge Hub Business Accelerators Webinars eBooks Menu Saputo pushes for Bega s Warrnambool stake Brett Cole 10 Jan 12 05 PM 1 DataRoom Mergers Acquisitions Industries Agribusiness The Canadian dairy company is lobbying Bega in an effort to win its 19 per cent stake in Warrnambool You must be logged in to read this article Not a member yet Register today Business Spectator is available on all of your devices so you can access the latest news and commentary where and how you like Register now Already a member Sign in here Email Address Enter your Email Address Password Enter the password that accompanies your Email Address Remember me Log in Request new password If Saputo Inc can secure Bega Cheese Ltd s stake in Warrnambool Cheese and Butter Factory Ltd the Canadian dairy giant may find itself on the cusp of securing a majority shareholding in Warrnambool before the final deadline for its 9 a share offer Saputo told the ASX on Friday its Warrnambool stake had risen to 21 39 per cent adding acceptances of its takeover offer are continuing to arrive prompting it to extend its deadline for acceptances to 1900 AEST on January 22 Momentum has been building in the rate of acceptances over recent days Saputo s chief executive Lino Saputo Jr said in a statement Investment bankers involved in the Warrnambool deal expect Saputo will soon disclose it holds about a quarter of Warrnambool s shares In the next week Saputo s investment bankers at Rothschild and Rabobank will try to persuade Bega to sell its 18 8 per cent stake in Warrnambool We ve been talking to a number of parties interested in our Warrnambool holding and Saputo is one of those Bega chairman Barry Irvin told DataRoom But I m not getting carried away with the non Saputo approaches If Saputo does secure Bega s stake hedge funds that hold between 10 and 15 per cent of Warrnambool may sell their shares to Saputo The funds may decide Saputo would have de facto control over Warrnambool if Saputo s stake tops 40 per cent The hedge funds shares would push Saputo s Warrnambool stake above 50 per cent If that happens Murray Goulburn Co operative Ltd could also offload its 17 7 per cent shareholding to Saputo because the co op s 9 50 a share Warrnambool takeover offer is dependent on it getting a majority stake Warrnambool s other major shareholder is Kirin Holdings Ltd with a 9 99 per cent stake Kirin s unit Lion has no intention to sell it at present as it views it as a strategic holding Warrnambool s factory produces most of Kirin s cheese consumed in Australia Greenhill Co is advising Kirin

    Original URL path: http://www.businessspectator.com.au/news/2014/1/10/mergers-acquisitions/saputo-pushes-begas-warrnambool-stake?destination=node/765776 (2014-01-13)
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  • Palmer wants to repeal Newman laws
    Coast So the message is help is on the way that we will get there that we will obliterate from the record books the history of the Newman government PUP is represented in the Queensland parliament through state leader Alex Douglas and deputy Carl Judge The party is expected next week to announce a high profile candidate for the Queensland seat of Kawana held by Attorney General Jarrod Bleijie Quick

    Original URL path: http://www.businessspectator.com.au/print/765926 (2014-01-13)
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  • Palmer wants to repeal Newman laws | Business Spectator
    Carbon markets Energy markets Renewable energy Resources Solar energy Wind power CleanTech Science Environment Green Deals Policy Politics Smart Energy Latest stories Solar s grim 2014 five headwinds await Power price stabilisation a falling dollar and million roof rebate doubts are among reasons Australian solar may struggle in the year ahead Is the EU about to abdicate climate leadership The rift over energy and climate policy is widening in Brussels as politicians feel the pressure from the continent s ongoing economic crisis Industries Advertising and Marketing Agribusiness Automotive Aviation Construction and Engineering Education Family Business Financial Services Food and Beverages Gaming and Racing Health and Pharmaceuticals HR Industrial relations Information Technology Infrastructure Insurance Manufacturing Media and Digital Resources and Energy Professional Services Property Retail Small Business SME Telecommunications The Ashes Tourism Transport and Logistics Video KGB TV China Spectator CEO Hub Leadership Lab Management Insights Young Leaders Knowledge Centre Adapt or Die Knowledge Hub Business Accelerators Webinars eBooks Menu Palmer wants to repeal Newman laws 11 hours ago 3 Politics National Affairs Federal MP Clive Palmer says his party will stand at next Qld election You must be logged in to read this article Not a member yet Register today Business Spectator is available on all of your devices so you can access the latest news and commentary where and how you like Register now Already a member Sign in here Email Address Enter your Email Address Password Enter the password that accompanies your Email Address Remember me Log in Request new password AAP Federal MP Clive Palmer says his party will stand in the Queensland election and repeal all legislation passed by the Campbell Newman government if elected The Palmer United Party PUP achieved 11 per cent of the primary vote in Queensland despite establishing itself just two months before the September federal poll A bill will be presented to the Queensland parliament which will be a simple bill which in effect will have a provision that all legislation passed by the Newman government shall be repealed forthwith he told reporters on the Sunshine Coast So the message is help is on the way that we will get there that we will obliterate from the record books the history of the Newman government PUP is represented in the Queensland parliament through state leader Alex Douglas and deputy Carl Judge The party is expected next week to announce a high profile candidate for the Queensland seat of Kawana held by Attorney General Jarrod Bleijie Print this page Related articles 13 Jan Abbott eyes repeal of 8000 red tape laws 13 Jan Govt interest bills surging report 12 Jan Vic energy minister to step down 12 Jan Trade pact is close Robb 10 Jan Robb casts doubt on handouts More from Business Spectator Technology Adapt or die Commercial The Future of Energy Family Business Alan Kohler s Family Business China China Spectator Please log in or register to post comments Comments on this article Comments Policy Graham lastName Mon 2014 01

    Original URL path: http://www.businessspectator.com.au/news/2014/1/13/national-affairs/palmer-wants-repeal-newman-laws?destination=node/765926 (2014-01-13)
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  • Trade pact is close: Robb
    TPP is being negotiated between Australia the US Japan Canada Mexico Peru Chile New Zealand Singapore Malaysia Brunei and Vietnam countries that comprise almost 40 per cent of the world s GDP US President Barack Obama had set a deadline to clinch the TPP deal by the end of 2013 and is facing growing pressure from members of Congress critical of the secrecy around the discussions Mr Robb dismissed similar critics in Australia It is nonsense to suggest that people are in the dark Mr Robb who attended the G Day USA ball in Los Angeles on Saturday told AAP He was upbeat about the countries agreeing to the TPP It s ready to be sealed Robb said A few big things have to end up back on the table yet but it is close I would hope we are going to see progress obviously this year and sooner rather than later Quick Summary Trade minister says 12 nation deal almost ready to be sealed Associated image Media Categories Business Spectator 1 Politics 2 National Affairs 3 Primary category Politics 2 National Affairs 3 People Andrew Robb 4 Keywords TPP 5 trade 6 free trade agreement 7 Status Published Content

    Original URL path: http://www.businessspectator.com.au/print/765901 (2014-01-13)
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  • Trade pact is close: Robb | Business Spectator
    things have to end up back on the table yet but it is close I would hope we are going to see progress obviously this year and sooner rather than later Print this page Related articles 13 Jan Abbott eyes repeal of 8000 red tape laws 13 Jan Govt interest bills surging report 13 Jan Palmer wants to repeal Newman laws 12 Jan Vic energy minister to step down 10 Jan Robb casts doubt on handouts More from Business Spectator Technology Adapt or die Commercial The Future of Energy Family Business Alan Kohler s Family Business China China Spectator Please log in or register to post comments Comments on this article Comments Policy Martin S Sun 2014 01 12 23 25 Ugh This will be of no benefit whatsoever to the Australian population All it does is give American companies particularly in the Pharmaceutical and Entertainment a greater opportunity to rape and pillage the Australian citizen and tax payer Expect the cost of the interwebs to go up as ISP s have to police internet piracy and for the Australian taxpayer to pay increased medication costs as US Pharmaceutical companies are allowed to re patent existing medications and procedures Once again the Australian Government is rolling over to have it s belly scratched by the great US of A hole Bruce Moon Mon 2014 01 13 09 41 Martin Your take is how I also read the available information Robb is quoted as saying It is nonsense to suggest that people are in the dark which really means he has been grossly misled or is self deceived by the TPP spin merchants that transparency exists Oh how I lament that Coalition has become so ideologically one sided towards big business Cheers Ian Macallan Mon 2014 01 13 02 51 Martin I agree The TPP is going to be one big headache for Australia it was average but going nowhere purposeful until the USA got involved however the benefits to Australia have been sliding ever since their inclusion Currently the worst to be hit will be our farmers agriculture producers processors energy suppliers producers processors and any remaining manufacturing but I agree what little pharmaceutical industry we have will be dangerously compromised and the IT sector here has already been annihilated will be again a target for further impacts There are also various sub TPP s within the presiding one that is often referred to and there is a lot of detail in each one has differing trade categories for differing countries It is complex but is sold to the Australian community as simple and good for business The funniest example I have seen so far was something along the lines of opportunity for our dairy products in Peru In light of the current dairy fight for WCB control and the conduct of Takeover Panel with Murray Goulburn one could not blame the dairy industry for finding this claim distasteful and offensive Let us bend over look up between our legs

    Original URL path: http://www.businessspectator.com.au/news/2014/1/12/national-affairs/trade-pact-close-robb?destination=node/765901 (2014-01-13)
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  • Financial Index to buy Centric Wealth for $130m
    rugby union captain Phil Kearns is chief executive of Centric Wealth whose brand will be retained by its new owners Paule said Kearns future role in the new 400 personnel Financial Index is uncertain Paule and his partners will continue to own two thirds of Financial Index after the merger KKR Asset Management which has 20 4 billion in assets under management is the KKR affiliate that will take control of the stake in Financial Index The acquisition of Centric Wealth is a continuation of Paule s long term strategy to takeover similar businesses which started over a decade ago It has seen Financial Index make more than 40 acquisitions since 2001 Paule says the planned takeover of Centric Wealth will not be its last although he doesn t expect to do another deal this year In the acquisition of Centric Wealth Financial Index was advised by Jeff Singh s boutique firm Chase Corporate Advisory Author Brett Cole 1 Quick Summary After the acquisition closes New York based KKR will take one third stake in Financial Index Associated image Media Categories DataRoom 2 Mergers Acquisitions 3 Industries 4 Financial Services 5 Primary category DataRoom 2 Mergers Acquisitions 3 Companies Financial

    Original URL path: http://www.businessspectator.com.au/print/765921 (2014-01-13)
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  • Financial Index to buy Centric Wealth for $130m | Business Spectator
    energy Wind power CleanTech Science Environment Green Deals Policy Politics Smart Energy Latest stories Solar s grim 2014 five headwinds await Power price stabilisation a falling dollar and million roof rebate doubts are among reasons Australian solar may struggle in the year ahead Is the EU about to abdicate climate leadership The rift over energy and climate policy is widening in Brussels as politicians feel the pressure from the continent s ongoing economic crisis Industries Advertising and Marketing Agribusiness Automotive Aviation Construction and Engineering Education Family Business Financial Services Food and Beverages Gaming and Racing Health and Pharmaceuticals HR Industrial relations Information Technology Infrastructure Insurance Manufacturing Media and Digital Resources and Energy Professional Services Property Retail Small Business SME Telecommunications The Ashes Tourism Transport and Logistics Video KGB TV China Spectator CEO Hub Leadership Lab Management Insights Young Leaders Knowledge Centre Adapt or Die Knowledge Hub Business Accelerators Webinars eBooks Menu Financial Index to buy Centric Wealth for 130m Brett Cole 11 hours ago DataRoom Mergers Acquisitions Industries Financial Services After the acquisition closes New York based KKR will take one third stake in Financial Index You must be logged in to read this article Not a member yet Register today Business Spectator is available on all of your devices so you can access the latest news and commentary where and how you like Register now Already a member Sign in here Email Address Enter your Email Address Password Enter the password that accompanies your Email Address Remember me Log in Request new password Financial Index Wealth Accountants Ltd plans to buy rival wealth planner and adviser Centric Wealth Ltd for 130 million after Centric Wealth s owner Champ Private Equity put the business up for sale six months ago US investment company KKR Co will invest 43 million to claim one third of Financial Index which will have 7 6 billion in funds under advice after the Centric Wealth takeover The two businesses are carbon copies of each other Financial Index s chief executive Spiro Paule told DataRoom They are identical in terms of culture Former Australian rugby union captain Phil Kearns is chief executive of Centric Wealth whose brand will be retained by its new owners Paule said Kearns future role in the new 400 personnel Financial Index is uncertain Paule and his partners will continue to own two thirds of Financial Index after the merger KKR Asset Management which has 20 4 billion in assets under management is the KKR affiliate that will take control of the stake in Financial Index The acquisition of Centric Wealth is a continuation of Paule s long term strategy to takeover similar businesses which started over a decade ago It has seen Financial Index make more than 40 acquisitions since 2001 Paule says the planned takeover of Centric Wealth will not be its last although he doesn t expect to do another deal this year In the acquisition of Centric Wealth Financial Index was advised by Jeff Singh s boutique firm

    Original URL path: http://www.businessspectator.com.au/news/2014/1/13/mergers-acquisitions/financial-index-buy-centric-wealth-130m?destination=node/765921 (2014-01-13)
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  • Obama picks Fed vice-chair
    the Fed for a second term All three nominations must be confirmed by the Senate These three distinguished individuals have the proven experience judgment and deep knowledge of the financial system to serve at the Federal Reserve during this important time for our economy Obama said in a statement The selections were largely expected and did little to change economists outlook for Fed policy this year All three will likely support Yellen s approach to fighting high unemployment as long as inflation stays low And all three are likely to back plans to gradually withdraw some of that support if the economy continues to show improvement In December the Fed said it would start reducing its bond purchases from US85 billion A95 87 billion a month to 75 billion a month Further measured steps are expected this year The bond purchases are designed to lower interest rates to spur borrowing and spending In selecting Fischer Obama is tapping someone with extensive experience in global economics Fischer served as chief economist at the World Bank deputy managing director of the International Monetary Fund and head of the Bank of Israel from 2005 until 2013 During his time at the IMF Fischer dealt with a number of countries in financial crises That included the 1997 98 Asian currency crisis which forced a number of nations to seek support from the IMF to stabilise their currencies and emerge from deep recessions Economists said they did not expect Fischer 70 to dissent from the activist approach to Fed policy that Bernanke and Yellen have supported That effort has kept interest rates low in an effort to stimulate growth and fight high unemployment since the Great Recession Critics say the central bank s policies which also include massive bond purchases could trigger unwanted inflation down

    Original URL path: http://www.businessspectator.com.au/print/765881 (2014-01-13)
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