DataRoom AM: DJs drama

Manoeuvrings around its share register suggest David Jones may have a mystery suitor on its hands, while a sweetened offer for Envestra from a rival bidder leaves APA Group with limited options.

Most David Jones shareholders would be more than happy to take the money offered from South African suitor Woolworths and run after a tumultuous period for the department store operator. But manoeuvrings around the register suggest it might not be that simple.

Elsewhere, Envestra’s board jumps into the camp of its Hong Kong suitor, Australand Property Group hints it may be interested in the latest takeover offer from Stockland, and National Australia Bank makes a move in the UK.

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