Breakfast Deals: Trust issues

Latecomer IOOF looks like one front-runner to take over The Trust Company, while Nathan Tinkler's assets may now be worth $50 million.

As the competition watchdog nears a decision on Perpetual’s proposed takeover of The Trust Company, another bidder has entered the fray – IOOF. The market is offering some insights as to who is in the box seat in what is now a three-way battle. Elsewhere, Nathan Tinkler sees another asset go down in flames, the ACCC clears a renewal of Virgin’s deal with Air New Zealand, there’s further uncertainty at Billabong, Australia’s IPO drought nears breaking point and major deals overseas imply a more bullish business environment.

IOOF, Perpetual, Equity Trustees, The Trust Company

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