DataRoom AM: Equity theory

An ACCC decision could put the kibosh on Perpetual's Trust Company tilt, while WCB warns on Bega's advances.

Equity Trustees has extended its offer for The Trust Company as everyone sweats on what the ACCC has to say about leading bidder Perpetual. Meanwhile, Warrnambool Cheese & Butter Factory is reportedly writing to shareholders with some cautious words about Bega (though nothing definitive), BHP Billiton and Rio Tinto need to drop their prices if they really want to flog unwanted coal assets, according to New Hope, and Fortescue has done yet another debt-reducing deal.

The Trust Company, Equity Trustees, Perpetual, IOOF Holdings

Equity Trustees has extended its offer for sought after takeover target The Trust Company until November 29 as it jostles for superiority with rival bidders Perpetual and IOOF Holdings.

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