PERTH, Australia, May 16 (Reuters) - Australian grain handler Graincorp Ltd GNC.AX offered to buy livestock feed maker Ridley Corp RIC.AX for A & #36;415 million ( & #36;392 million), as it positions itself for an industry shake-up, sending Ridley's shares up nearly 12 percent. Fri, 16 May 2008 17:53:31 GMT
MELBOURNE, May 16 (Reuters) - Australian dairy producer Dairy Farmers said on Friday that Italy's Parmalat PLT.MI has sought clearance from Australia's competition regulator to make a bid, a deal that could be worth between A & #36;800 million and A & #36;1 billion ( & #36;755- & #36;943 million). Fri, 16 May 2008 17:43:31 GMT
MELBOURNE, May 16 (Reuters) - Insurance Australia Group Ltd IAG.AX has so far stonewalled a A & #36;8.2 billion ( & #36;7.7 billion) bid from QBE Insurance QBE.AX, but a 5-10 percent sweetener could be enough to seal the deal. Fri, 16 May 2008 17:36:31 GMT
SYDNEY, May 16 (Reuters) - Australian shares rose 0.7 percent on Friday, approaching the 6,000 mark for the first time in over three months, with BHP Billiton Ltd BHP.AX leading gains on fresh speculation of Chinese interest in the firm. Fri, 16 May 2008 16:39:30 GMT
SYDNEY, May 16 (Reuters) - Australia's AXA Asia Pacific Holdings Ltd AXA.AX said on Friday it was no longer pursuing the possible acquisition of Malaysian Assurance Alliance Bhd (MAA), the insurance arm of MAA Holdings Bhd MAAS.KL. Fri, 16 May 2008 16:27:30 GMT
SYDNEY, May 16 (Reuters) - Australian shares rose 0.7 percent on Friday, approaching the 6,000 mark for the first time in over three months, with BHP Billiton Ltd BHP.AX leading gains on fresh speculation of Chinese interest in the firm. Fri, 16 May 2008 16:15:35 GMT
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