Breakfast Deals: Killen Trust

Equity Trustees kicks up a stink over Trust Co’s cold shoulder, while various parties could be keen on Commonwealth Bank’s property assets.

It appears that Equity Trustees is getting a little testy due to being – excuse the pun – perpetually ignored in the race for The Trust Company. Meanwhile, Commonwealth Bank of Australia has indeed pulled a trigger on a push to get out of property management, AGL Energy has reminded Australian Power and Gas shareholders that it has a good hand and GrainCorp’s takeover is looming ever larger as a potential election issue.

The Trust Company, Equity Trustees

Equity Trustees chairman Tony Killen has put the blowtorch to takeover target The Trust Company for continuously favouring a rival proposal from financial giant Perpetual.


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