Fed up, Corrigan makes his move

Article Abstract:

Patrick Corporation, a company that owns 45.4% of Virgin Blue (VB) has recently offered $1.90 a share for the balance 54.6% of VB's shares. The offer has come in the wake of a recent sale of five million shares of VB at $1.88 a share by VB's chief executive officer, Brett Godfrey. To add to the injury, on January 19, 2005 the Australian Stock Exchange was informed that VB's full year results would be lower by 10-15% when compared to the previous year. The shares of VB witnessed a crash of almost 12%, which was the last straw that Chris Corrigan, chief executive offer of Patrick Corporation, could take.

Freight Transportation, Executive changes & profiles, Trucking & Courier Services, Ex. Air, Air Transportation, Scheduled, And Air Courier Services, Freight transportation arrangement, Officials and employees, Airlines, Freight transportation industry, Virgin Blue Airlines, Corrigan, Chris, Patrick Corp.

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Westfield united: although the Lowys are diluting their shareholding, they are strengthening their power

Article Abstract:

The Lowy family has decided to combine all three listed Westfield entities to create the world's largest listed shopping-center owner and manager through a $24-billion merger. The purpose of putting all three businesses together was to reduce the risk to their wealth without spooking the market and this new structure would back up Lowy family's wealth with assets rather than with goodwill.

United States, Retail Stores, Stores in Shopping Centers, All Other Miscellaneous Store Retailers, Stores, Shopping centers, Shopping centres, Lowy Group Inc.

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Coke has food for thought

Article Abstract:

With the falling growth profile and increased cost pressure Coca-Cola Amatil (CCA) has the only way of diversifying in to food business. The plans and the possibilities for CCA to overcome the crisis in the soft drinks business are discussed.

Bottled and canned soft drinks, Soft drink industry, Coca-Cola Amatil Ltd.

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