DataRoom AM: Chemical attraction

Wesfarmers may be interested in Orica’s non-mining chemicals division, while David Jones looks likely to delay talks with Myer until after earnings results.

Could Wesfarmers be ready to make use of the proceeds of its $1.85 billion insurance arm divestment? Speculation is swirling that the conglomerate may be harbouring interest in Orica’s non-mining chemicals division, though Wesfarmers may have other ideas for its cash pile.

Elsewhere, David Jones takes a measured approach to Myer’s takeover offer, Nexus Energy’s lenders mull options for the firm to dodge liquidation, the Future Fund makes a US push and state-owned ports draw plenty of attention.

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