Foreign takeovers, AMP, state budgets, capital raisings, trading halts, Quintis and the claimed valuation of collapsed companies

This week's Mayne Report looks at the $23 billion APA takeover bid, AMP's rebuild challenge, state budget gambling disclosures, some more placements, the rules around trading halts and where Quintis sits on the league ladder of audited net assets claimed to exist when a company collapses.

A lot has been written about foreign takeovers this week after the $23 billion offer for APA Group by a consortium led by Asia’s richest man, the Hong Kong billionaire Li Ka-shing.

I can well remember meeting with former APA chairman Len Bleasel in Sydney back in 2016 when he was gloating about the company being almost 6 times bigger than its nearest rival, DUET Group.

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