Recommendation comes despite the board saying the 45 cents a share offer undervalues the listed telco infrastructure business.
Trade-related software company says complexity in global trade will draw shippers and freighters to its products.
Crown entity describes CDL bid as ‘unreasonable and opportunistic’, with the process of redeeming preference shares at a materially lower price than the shares as egregious.
The sale will not only deliver a small profit but, importantly, create cash to invest in the expanding private markets business.
Singapore-listed shareholder says it’s the ‘final and best’ price it’s willing to pay.
The listed insurer says underlying net profit range now between $70m and $80m.
Booking intakes for the US from key European countries in the past week have been approximately 40% to 50% down on last year’s levels.
The company will emerge with new majority shareholders, with Bally's Corporation from the US in the driver's seat.
Partnership expands cost-cutting programme to include transformation of Spark’s technology delivery model.
Engine manufacturers have changed how they calculate compensation as ‘complicated’ negotiations continue.