DataRoom AM: Wesfarmers harvest

Wesfarmers has a few options for the proceeds of its latest insurance divestment, while Rio Tinto sheds its stake in Northern Dynasty.

Wesfarmers has made its second insurance divestment in the last four months, this time offloading its broking division for $1 billion. Now the conglomerate has a big decision to make on how it will employ its rising cash pile.

Elsewhere, Rio Tinto makes an unexpected move in Alaska, speculation swirls around an optimistic Oz Minerals takeover, Peters Ice Cream draws plenty of suitors and National Australia Bank mulls options for its struggling life insurance business.

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