DataRoom AM: Nine fanfare

Nine’s eagerly anticipated prospectus recalls some similarities to Myer’s float, while investors aren’t quite sure what to make of Billabong’s latest debt deal.

The details for the biggest Australian float of 2013 are filtering in, with Nine Entertainment to list at a value eerily similar to that of Myer a few years ago. Like the famed retailer there is plenty of hype, but does it pose the same risks?

Elsewhere, Billabong shuffles some funds around, Boral’s joint venture with Leighton scores another big contract and Bega Cheese surges to the lead in the race for Warrnambool Cheese and Butter.

Nine Entertainment

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