BREAKFAST DEALS: Gunns remedy

Gunns looks to have secured support for a debt recapitalisation, while things heat up around James Packer.

Gunns Limited has been missing in action for a while, since the Richard Chandler misfire. However, a media report indicates that the timber company is winning support from institutional investors for a $400 million recapitalisation plan. Meanwhile, billionaire James Packer will have to keep his eye not just on Consolidated Media Holdings – his old love – but also Echo Entertainment – his new love. Elsewhere, Alesco is about to tell its shareholders to stay away from Dulux Group, Goodman Fielder is moving ahead with its asset sales with major shareholder Wilmar International sitting pretty, and NBN Co is looking for a second construction contractor.

Gunns Limited

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