
Crane rejects Fletcher's $1b takeover offer
Crane Group has told its shareholders to reject Fletcher Building's A$740 million ($989 million) takeover bid.
Crane Group has told its shareholders to reject Fletcher Building's A$740 million ($989 million) takeover bid.
The family of Michael Hill International's founder has renewed its attempt to take control of the jewellery chain.
Equities on Wall Street began the final five-day trading week of the year on a positive note amid takeover news and optimism about the global economy.
The Reserve Bank of New Zealand is pressing for the power of veto over significant purchases by the country's banks.
Rio Tinto Group, the world's third-largest mining company, has made a A$3.5 billion ($4.53 billion) takeover proposal for Riversdale Mining, which is developing coal mines in Africa.