DataRoom AM: BHP setback

A frontrunner drops out of the race for BHP’s Nickel West assets, while Woolworths SA's David Jones takeover enters the home stretch.

BHP Billiton has received a blow in its hunt for a high valuation for its Nickel West assets as a big name contender drops out of the race.

Elsewhere, the takeover of David Jones clears its biggest hurdle, merger talk in the media sector reignites, the Productivity Commission urges more government asset sales and a full takeover of Devine is now a probable outcome.

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