DataRoom AM: Coles' prized vintage

Offers to buy the Coles-owned Vintage Cellars could fall at the first hurdle, while Lachlan Murdoch dismisses speculation that he wants out of the radio game.

The market was abuzz yesterday amid news private equity buyers were sniffing around a leading liquor chain owned by Coles. But while there may be truth to the speculation, the supermarket giant appears in no mood to sell.

Elsewhere, Lachlan Murdoch slams speculation of a sale of his radio assets, the IPO market continues to tick along nicely, Nexus Energy shareholders have further reason to feel aggrieved and BHP Billiton pledges more asset sales.

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Daniel Palmer

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