Fortescue (FMG AT)
- Co. may get Pilbara Infrastructure Ltd. stake bids by mid-February.
Macmahon (MAH AT)
- Co. is facing a legal challenge from Sembawang to stop the sale of its construction arm to Leighton Holdings. (Australian Financial Reviews)
- Co. has denied allegations it failed to inform the market of an offer for its construction business by Semawang last November.
AGL Energy (AGK AT)
- Meridian considering sale of 50% stake in AUD 1bln Macarthur wind farm. (N.Z. Herald)
St. Barbara (SBM AT)
- China Hanking (3788 HK) is to buy assets of Southern Cross Operations from Co, for AUD 22.5mln.
Premarket broker moves
- Macquarie (MQG AT) upgraded to 'buy' at UBS.
- Lynas (LYC AT) raised to 'hold' from 'sell' at Deutsche Bank.
- IOOF (IFL AT) cut to 'Neutral' at Credit Suisse.
- Fortescue (FMG AT) cut to 'sell' from 'hold' at Deutsche Bank.
08 Jan 2013 - 22:30 - - Source: Newswires/The Australian Financial Reviews/N.Z. Herald
RANsquawk provides audio news and commentary for over 15,000 professional traders and brokers worldwide. Services include: