BREAKFAST DEALS: Arrium's nerves of steel

Steelmakers Australia looks to push for talks with Arrium but the target wants a higher price, while Echo's chair gets vocal on a second Sydney license.

Steelmakers Australia looks like it’s keen to get talking to Arrium and has written to chairman Peter Smedley to spruik its financing capacity. But the target is looking for a higher price and, so far, one isn’t forthcoming. Echo Entertainment chairman John O’Neill says his company has expanding plans for Sydney if James Packer goes his own way to Barangaroo. Meanwhile, Telstra has joined the NBN consolidation race, Whitehaven Coal has quickly relented to Nathan Tinkler’s aggression and Ingham Enterprises is reportedly hoping for a sale by Christmas.

Arrium, Steelmakers Australia

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