DataRoom AM: Seven’s Nexus steal

Seven Group looks set to snap up Nexus Energy for a bargain, while speculation mounts that Stockland could re-enter the race for Australand.

Seven Group may have been shunned by Nexus Energy shareholders in its pursuit of the local energy firm, but it will likely claim control of its target regardless.

Elsewhere, the prospect of a bidding war for Treasury Wine Estates appears remote, Frasers Centrepoint’s proposed takeover of Australand is under a cloud and Medibank Private progresses smoothly towards a fourth quarter listing.

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