Minority sell-out

Article Abstract:

The South African company Aveng stake in the Australian construction and engineering company McConnell Dowell will increase from 67% to 100%, through a controversial scheme of arrangement. The scheme, initiated by MacDow's independent directors, will allow Aveng to gain control without paying a takeover premium to minority shareholders, and this has made minority shareholders angry who now doubt the independence of their directors and are going to block this scheme which affects their interest.

Sales, profits & dividends, South Africa, New Zealand, Industrial project management, Project management, Influence, Beliefs, opinions and attitudes, Company sales and earnings, Company earnings/profit, Minority stockholders, Dowell, Jim, Aveng Ltd., McConnell Dowell Corporation Ltd.

---

A second bite at broadband

Article Abstract:

Business analysts feel that Leighton Holdings must decide on the status of the failed broadband company, Nextgen, that Leighton had taken over, as the decision may bleed the company's resources. Nextgen is one of the three companies in Australia that has inter-capital transmission capabilities but the capacity has not been fully utilized.

United States, Behavior, Investors, Leighton Holdings Ltd., NexGen Inc.

---

Chapman lifts his game

Article Abstract:

The success story of Jeff Chapman and his Bennelong Group starting from sportsworld media group to construction of premium property portfolio has been narrated.

Financial management, Executive changes & profiles, Officials and employees, Company investment, Investments, Personalities, Rich, Rich people, Chapman, Jeff

Similar abstracts:

• Abstracts: King under siege. End of a dream run. Time to be cautious
• Abstracts: Froth and trouble. Vine days in adland. Out of focus
• Abstracts: Comparing market sectors. Dog bites man. Thinking about bonds
• Abstracts: Oil pressure. Second-term limits
• Abstracts: Freedom from functions. Another shibboleth bites the dust. A clean brand slate

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.