As M&A watchers look for signs of hope for 2013, GPT Group comes up with a gangbuster proposal for Australaland. It mightn’t get up, but it shows the sector has some real energy heading into the new year. Meanwhile, Fortescue Metals Group has done yet another fortune changing deal, while Macmahon Holdings, Ten Network and Newsat are getting capital raising attention. And finally, Nathan Tinkler is in court at the behest of the Australian Taxation Office.
GPT Group, Australand
GPT Group shares ended yesterday’s session well ahead of the benchmark index, which is a good signal from investors when the company in question is hoping to spend a few billion dollars.