DataRoom AM: Nexus snub

Nexus Energy shareholders have cut Seven Group down to size by rejecting a lowball takeover offer, while Leighton ponders a selling spree.

Seven Group’s bid for Nexus Energy has been killed off and, in so doing, Nexus shareholders have seen their last chance for a return on the stock cast aside. It’s a case of principle over profit -- well, at least less of a loss -- and leaves Seven in an uncomfortable position.

Elsewhere, Leighton mulls a multi-billion dollar selloff, Seek receives some great news in the US, Baosteel’s bid for Aquila Resources remains up in the air and Healthscope moves forward on a float.

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