ASIC digs in on Seven plan Changes made in merger bid documents

THE corporate regulator has forced Seven Network to make significant changes to documents it will send to shareholders about the proposed merger with his earth-moving business WesTrac.

Seven forced to amend merger

THE corporate regulator has forced Kerry Stokes's Seven Network to make significant changes to documents it will send to shareholders about the proposed merger with his earth-moving business WesTrac, amid concerns the information Seven wanted to send didn't tell shareholders everything they needed to know.

Transpacific waste story tarnished

IF TERRY PEABODY expected Transpacific Industries, his waste management concern, to quickly regain market darling status when it returned to trading this week after five months' suspension for completion of a capital structure review, he would surely be disappointed by performance thus far. Despite raising sufficient capital to substantially address the company's excessive debt burden, the share price has fallen by about a third from its level immediately before the long suspension and has struggled to hold the $1.20 price of the current underwritten capital raising.

MacQ offloads its US assets

MACQUARIE Group's shopping centre trust will shrink dramatically after it sells about 80 per cent of its US assets at a steep discount.

WITHOUT RESERVE

Looking for green shoots

Brokers Slam B&b Warning

THE credibility of Babcock & Brown's management has been put on the line, with analysts responding to Monday's shock profit warning by slashing their earnings forecasts and questioning the timing of the downgrade, just before the release of its latest results.

B&bpower Loses Faith Of Brokers

THE credibility of Babcock&Brown Power's management hit rock bottom yesterday just as its share price plumbed new lows, in the wake of a damning response to its decision to wipe out this year's second-half dividend payout and cuts to its present and forthcoming profit expectations.

For Best Results, Go For Broker

Do-it-yourself share trading loses its appeal.

Brokers Look Foran Orderly Way Out

THE collapse of Opes Prime has proven a boon to some smaller and mid-tier broking firms.

Citadel Stake Bonds Brokers To The Net

A listed Internet investment company has taken a strategic position in one of Australia's biggest discount brokers, with the million-dollar-plus deal strengthening the link between brokers and the information superhighway. Citadel Pooled Development, which has a market capitalisation of $9.3 mil

Brokers On Move

The discount stockbroking market would snare about 35 per cent of Australia's overall trading market within three years, Green Line Investor Services said yesterday. Australia's discount brokers hold a comparatively small seven per cent of the overall trading market, compared to about 35 per cen