9 stories mentioning ASX:SOLUpdated 35d ago
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Amplia Therapeutics (ASX:ATX) received notice that Washington H. Soul Pattinson (ASX:SOL) and its subsidiaries became substantial holders of the company on Monday, according to a Thursday Australian bourse filing.Washington H. Soul Pattinson now owns 27.5 million shares in the company, representing a 5.37% total voting power, the filing said.
Australian shares fell on Thursday as investors reacted to signals from the US Federal Reserve regarding a potential rate hike later in the year.The S&P/ASX 200 Index dropped 0.62%, or 55.20 points, to close at 8,911.10.The US Federal Reserve left interest rates unchanged, but policymakers indicated they expected higher borrowing costs later in the year. On Wall Street, the Nasdaq Composite fell 1.3%, and the S&P 500 was down 1.2%.The US and Iran released the text of an agreement, which extends a ceasefire declared in April by another 60 days to allow the two countries to negotiate a final deal. Brent crude oil futures traded around $78 per barrel.On the domestic front, advertised salaries in Australia recorded a 0.3% month-on-month increase in May, pointing to sluggish growth in recent months, according to the SEEK Advertised Salary Index.Job ads in Australia in May fell 0.8% month on month and 4.5% year on year, while applications per job ad rose 3.6% month on month and are now 5.5% higher year on year, according to a report by Seek.In company news, Washington H. Soul Pattinson (ASX:SOL) has agreed to divest its interest in certain Brickworks (ASX:BKW) property division industrial joint venture (JV) trust assets to Goodman Australia Industrial Partnership and related Goodman Group (ASX:GMG) entities for AU$1.89 billion under a binding agreement.Challenger (ASX:CGF) entered a binding agreement to combine its Fidante multi-affiliate funds management business with Channel Capital, creating a new entity to be named Channel Group. Fidante will merge with Channel Capital under Channel Group to form an active investment platform managing roughly AU$150 billion across equities, fixed income, and alternative assets.Lastly, Rio Tinto Group's (ASX:RIO) Oyu Tolgoi unit in Mongolia has resumed regular concentrate export shipments. The Oyu Tolgoi copper and gold deposit is jointly owned by the government of Mongolia, which has a 34% stake, and Rio Tinto, which owns the remaining 66%.
Australian shares are poised to fall on Thursday after the US Federal Reserve signaled a tighter policy outlook under new Chair Kevin Warsh, keeping interest rates steady while flagging potential hikes ahead.Overnight, the S&P 500, the Nasdaq Composite, and the Dow Jones Industrial Average fell 1.2%, 1.3%, and 1%, respectively.In the macroeconomy, investors are eyeing Australia's upcoming consumer price index report, due next week.In corporate news, Challenger (ASX:CGF) entered a binding agreement to combine its Fidante multi-affiliate funds management business with Channel Capital, creating a new entity to be named Channel Group.Washington H. Soul Pattinson (ASX:SOL) agreed to divest its interest in certain Brickworks (ASX:BKW) property division industrial joint venture trust assets to Goodman Australia Industrial Partnership and related Goodman Group (ASX:GMG) entities for AU$1.89 billion under a binding agreement.Australia's benchmark index rose 0.5% or 48.6 points to close at 8,966.30 on Wednesday.
Washington H. Soul Pattinson (ASX:SOL) has agreed to divest its interest in certain Brickworks (ASX:BKW) property division industrial joint venture (JV) trust assets to Goodman Australia Industrial Partnership and related Goodman Group (ASX:GMG) entities for AU$1.89 billion under a binding agreement, according to a Thursday filing with the Australian bourse.The price is consistent with valuations at the time of the Brickworks-Soul Patts merger and follows confidential negotiations initiated by change-of-control rights triggered by that transaction, per the filing.The transaction does not include the Brickworks Manufacturing Trust, in which Brickworks maintains a 50.1% stake, so the existing joint venture structure remains unchanged, the filing said.Completion is anticipated in late June, subject to no conditions precedent or shareholder approval requirements, with all parties actively working toward an orderly settlement, the filing added.
Peninsula Energy (ASX:PEN) executed a definitive investor facility agreement with SP Financing, an affiliate of Soul Patts (ASX:SOL), giving effect to the terms of its previously announced $30 million senior secured convertible note debt facility, according to a Wednesday Australian bourse filing.The company said the terms of the facility agreement are materially consistent with those previously announced and detailed in its prospectus and notice of meeting, with drawdown of the $30 million remaining subject to customary conditions precedent being satisfied before July 31, the filing added.Peninsula Energy's shares fell past 1% in recent Wednesday trade, while Soul Patts' shares added about 1%.
Propel Funeral Partners (ASX:PFP) received notice that Washington H. Soul Pattinson (ASX:SOL) and its subsidiaries became a substantial holder of the company on May 14, according to a Tuesday filing with the Australian bourse.Washington H. Soul Pattinson now owns 6.9 million shares in the company, representing 5.03% of the issued shares, the filing said.
Monash IVF Group (ASX:MVF) rejected the revised non-binding indicative proposal from a consortium comprising Genesis Capital Investment Management and WHSP, a subsidiary of Washington H. Soul Pattinson and Co. (ASX:SOL), to acquire all of the shares in the company through a scheme of arrangement at AU$0.90 apiece, according to a Monday filing with the Australian bourse.The company's board has unanimously concluded that the proposal undervalues the company and is not in the best interest of shareholders, the filing said.
Monash IVF Group (ASX:MVF) received a revised, unsolicited, conditional, and non-binding indicative proposal from a consortium comprising Genesis Capital Investment Management and WHSP Holdings (ASX:SOL) to acquire all its shares by way of a scheme of arrangement at AU$0.90 per share, according to a Monday Australian bourse filing.The consortium, which currently owns a 19.6% stake in Monash IVF, previously made an indicative proposal at AU$0.80 per share.The company said the consortium described the offer price as the highest amount it is prepared to offer in the absence of a competing proposal, with the proposal valid until the close of business on April 21.The proposal is subject to several conditions, including exclusive due diligence with no fiduciary exceptions, negotiation and execution of transaction documentation on customary terms, unanimous board recommendation, and final internal approval from consortium members.The Monash IVF board is assessing the proposal with the assistance of financial adviser Macquarie Capital and legal adviser Clayton Utz, the filing added.Monash IVF Group's shares surged 19% in recent Monday trade, while WHSP Holdings' shares shed 1%.
Australian shares are set to open lower on Monday after US President Donald Trump said that the US would begin a blockade of the Strait of Hormuz after peace talks between Iran and the US ended without a resolution to the conflict, sending oil prices higher.A report from The Wall Street Journal said that Trump and his advisers were considering limited strikes on Iran. Brent crude oil futures soared nearly 8% to a four-week high of $US102.80 per barrel early on Monday. Gold fell almost 2%.In corporate news, Monash IVF Group (ASX:MVF) received a revised, unsolicited, conditional, and non-binding indicative proposal from a consortium comprising Genesis Capital Investment Management and WHSP Holdings (ASX:SOL) to acquire 100% of the shares in Monash IVF via a scheme of arrangement at $0.90 per share.Pro Medicus' (ASX: PME) wholly-owned US unit, Visage Imaging, signed a AU$37 million, five-year contract renewal with Northwestern Medicine.Australia's benchmark index closed just 0.1% lower, or 12.6 points, at 8,960.60 on April 10.
