Monday
March 14, 2022
Good evening,
The finishing line’s not far for Macquarie Infrastructure and Real Assets’ $3 billion-odd towers company Axicom.
Street Talk understands Macquarie has called for final bids by March 22.
It’s sticking to the script, even after Telstra and TPG struck a significant network sharing agreement.
So the bidders are busying themselves with lining up debt packages.
Over at Glencore’s CSA mine, SPAC Metal Acquisitions Corp is back on the table with its advisers after IGO walked away.
Elsewhere, API’s early voters seem to be ignoring fund managers pushing for a price bump and going with API’s board; IPO hopeful Redox is selling the diversification story; and Bell Potter is remembering its founder Colin Bell, who died on Monday afternoon after a long illness.
Happy reading,Anthony Macdonald, Sarah Thompson and Kanika SoodStreet Talk editors
It’s down to the short strokes in the battle for Macquarie-backed telecommunications company Axicom.
Citigroup and Morgan Stanley’s resources bankers have one eye firmly on the copper price, as they try to help revive their client’s run at Glencore’s CSA mine in NSW.
Australian Pharmaceutical Industries’ early voters are happy with the offer, despite an eleventh-hour push for a bump.
It won’t be just the fund managers, but also other brokers who will be watching what interest Redox gets and how soon it can list.
Bell Financial Group founder Colin Bell has passed away, aged 80.
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