The new entity will have the scale and financial strength to compete more effectively with Telstra and Optus.
The offer comes just a month after billionaire Li Ka-shing formally stepped down as head of the business empire, handing the reins to his eldest son V
Wesfarmers expects the U.K. unit to post a 97 million pound first-half underlying loss when it reports later this month.
Under the agreement announced Sunday, Kidman would be purchased by a venture called Australian Outback Beef Pty., 67 percent owned by Hancock and 33 p
The two groups, which have been dueling over Melbourne-based Asciano for months, are discussing a joint cash offer of A$9.28 per share, according to a
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