DataRoom AM: Lorna Jane jogs on

Lorna Jane pulls the plug on auction proceedings, while Glencore and Rio Tinto may look to merge their NSW coal operations.

Hopes for a 2014 sale of local active wear retailer Lorna Jane have been dashed, with an auction canned after the firm’s suitors delivered subdued offers.

Elsewhere, rumours of a Glencore-Rio Tinto tie-up persist, investors see merit in speculation of a Recall takeover and a partial sale of SAI Global is on thin ice.

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