Sunday, 24 June 2018 Sydney

Invest In Australia Blog::

  • Cephalon Inc acquires Australia’s ChemGenex Pharmaceuticals Limited

    In a joint announcement, Cephalon Inc. and ChemGenex Pharmaceuticals Limited said Cephalon's wholly-owned subsidiary, Cephalon CXS Holdings Pty Ltd, is to acquire ChemGenex. ChemGenex is a hematology-focused Australian biopharmaceutical company developing its lead product candidate, OMAPRO(TM), for the treatment of chronic myeloid leukemia (CML) patients.

    Kevin Buchi, Chief Executive Officer of Cephalon, said the proposed transaction allows ChemGenex shareholders to realize cash proceeds at a significant premium to recent trading levels and adds an interesting late-stage opportunity to the firm’s portfolio.

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  • Tripoint Corp acquires Melbourne based business consulting group Platinum Insight

    Tripoint Corporation, a privately owned business and systems integration consulting company, has acquired Platinum Insight, a Melbourne based business consulting group that specializes in helping financial services organizations implement large-scale strategic business transformation and modernization initiatives.

    Tripoint expects the acquisition of Platinum Insight to bolster its growth strategy and help the corporation accelerate its presence in the financial services sector. It will also provide the scale and support framework to offer customers a broader range of solutions in business and systems integration consulting and application support, stated Tripoint.

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  • BHP Billiton to invest upwards of $13 billion in expanding its output of coal and iron ore

    Mining major BHP Billiton is to invest upwards of $13 billion in expanding its output of iron ore and coal, reported the wall street journal. The two minerals are key materials in the expansion of emerging Asian economies. There has been an increasing demand for iron ore and coal from emerging economies such as China and India.

    The investment sum is targeted at mines, rail links and ports in Australia. Currently, Australia is a key exporter of strategic raw materials for the energy and steel needs of countries such as China and India, said the Dow Jones. BHP Billiton's share of the investment will be about $9 billion, the Melbourne-based mining giant said in a statement last week.

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  • India based Komli Media acquires Australia’s leading premium website representation firm PostClick

    Komli Media, India’s largest and most successful digital media network platform, announced that it has acquired PostClick.  PostClick is Australia’s leading premium website representation firm. The investment turns Komli into the leading digital media network platform across Asia Pacific.  With the acquisition, Komli now reaches over 30 million unique audiences across the region.

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  • US based Quamtel Inc to acquire Australia’s SavvyTel Communications

    US based Quamtel Inc has signed a letter of intent to acquire Australia’s SavvyTel Communications Pty Ltd. The definitive agreement is expected to be signed in April 2011.
    Under the purchase agreement, QuamTel Inc. will acquire 100% of the stock of SavvyTel Communications Inc. in exchange for the issuance of 5.5 million common shares of QuamTel, Inc.

    Post the acquisition, SavvyTel will be a wholly owned subsidiary of QuamTel Inc. Commenting on the acquisition, QuamTel CEO, Stuart Ehrlich, said the combined strengths of the two companies will provide them with strategic reach internationally. Ehrlich stated that the acquisition provides QuamTel with a large subscriber base to market other synergistic QuamTel products.

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  • JSC Atomredmetzoloto in fresh bid to acquire Australia’s uranium miner Mantra Resources

    Russia’s JSC Atomredmetzoloto (ARMZ) has made a fresh bid for the acquisition of Australia’s uranium miner, Mantra Resources. The fresh bid comes after the Russian firm withdrew its earlier takeover offer for Mantra Resources. ARMZ’s new offer values Mantra Resources at approximately $1.03 billion, an amount that is lower that the firm’s previous valuation of $1.17 billion.

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  • Minor International in cash takeover offer of Australia’s Oaks Hotels & Resorts Limited

    Minor International has announced a cash takeover offer for all shares in the Australia-based Oaks Hotels & Resorts Limited. The acquisition will see Minor International offer Oaks shareholders 35 cents (AUD) for every Oaks share held. The offer values Oaks’ equity at around AU$61 million, equivalent to a total enterprise value of approximately AU$129 million.

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  • Strategic Airlines picks up a Brisbane Engineering maintenance facility and corporate HQs

    Strategic Airlines, Australia’s newest domestic and international airline leased major new premises in Brisbane including an engineering hangar facility at Brisbane International Airport and a new Corporate Headquarters, announced the firm Tuesday.

    Strategic Airlines Managing Director Michael James, commented that pending the granting by the Civil Aviation Safety Authority of Strategic’s engineering license, the firm is planning to use the original Boeing hangar facility to undertake engineering maintenance on the A320 fleet.

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  • Infigen Energy completes transaction with renewable energy project developer over certain wind farm development projects

    Infigen Energy has completed a transaction with renewable energy project developer National Power Partners (NPP) in relation to the ownership of certain wind farm development projects in its Australian wind energy development pipeline.

    Under the terms of the transaction, Infigen has acquired the remaining 50% interest in a number of development projects that it did not already own. The development projects include the 120 MW Flyers Creek and 70-100 MW Bodangora in New South Wales, the 35-50 MW Cherry Tree project in Victoria and the 450-550 MW Woakwine project in South Australia.

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  • Utah Medical Products acquires Femcare Holdings Limited UK, inclusive of Ozzie subsidiary Femcare Australia

    Utah Medical Products (UTMD), Inc. has acquired Femcare Holdings Limited of the United Kingdom, including its trading subsidiaries, Femcare-Nikomed Ltd of Southampton, England and Femcare Australia. Femcare is best known for its leading global brand the Filshie Clip System – a female surgical contraception device (tubal ligation) which is placed on the fallopian tubes.

    Filshie Clip is now available in around 45 countries. About 80% of Femcare’s current $16 million in total revenues are related to the Filshie Clip System. Filshie Clip is sold directly by Femcare to clinicians in the U.K. and Australia, and through specialty distributors in other countries.

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