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Australia's Navitas rebuffs US$1.4b approach, says open to talks

SYDNEY: Australian adult education provider Navitas Ltd on Monday rebuffed a A$1.97 billion ($1.4 billion) approach from its founder and a private equity firm, leaving some investors concerned the tactic may not generate a better deal.

Australia's BWX Ltd gets US$603m takeover offer from CEO, Bain Capital

BENGALURU: Australia's BWX Ltd, a marketer of branded skin and hair care products, on Monday said it received an unsolicited takeover proposal from two senior company officers in partnership with Bain Capital Private Equity, valuing the company at A$803.4mil ($603.1mil).

Healthscope gets US$3.3bil Brookfield approach

SYDNEY: Canadian investment firm Brookfield Asset Management made a US$3.3bil approach for Australian hospital group Healthscope, trumping a local buyout proposal and sending shares of the target up to a two-year high.

Gas producer Santos rejects US$7.2bil takeover bid

MELBOURNE: Australian gas producer Santos Ltd said it rejected a A$9.5bil (US$7.2bil) takeover approach in August, sending its shares up 13% on speculation another offer was likely to emerge.

Ministry: Govt concerned over takeover of PLUS

MAJU Holdings has not succeeded in its bid to take over PLUS Malaysia Bhd as the Government has concerns about the risks and uncertainty over the proposed move.