Breakfast Deals: Nine thrives

Nine appoints investment banks for a possible float while Fortescue's magnetite stake sale delivers it a better hand to play at the negotiating table.

Nine Entertainment’s US hedge fund has quickened its stride towards a float later this year or early next year by calling in the investment banks. Meanwhile, Fortescue Metals Group has done yet another impressive deal that could render the infrastructure stake sale unnecessary. BHP Billiton is also selling in the Pilbara and CSR is reportedly talking to Boral about a brick and tile deal.

Nine Entertainment, Macquarie Group, Morgan Stanley, UBS, Commsec

The US hedge fund owners of Nine Entertainment have reportedly appointed investment banks for a possible float later this year or early next year.


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