Failed takeover deals can and do happen for various reasons.   Why takeover deals fail Some deals are killed off quickly by the company giving a negative answer as soon as they let their shareholders know. Others are killed off by shareholders - either by vote or one or two large shareholders publicly expressing opposition to the…

Despite a subdued environment for dealmaking, there were some notable ASX corporate takeovers during the year. We thought as 2023 comes to an end, it was fitting to recap some of the top deals of the past 12 months.   6 of the top ASX corporate takeovers of 2023 Newcrest Newcrest was and is one…

Manufacturing stocks, and companies generally, are stuck in a deep funk right now. Both Australian and US PMI (Purchasing Managers Index) have fallen by ~25% since mid-2021 (The Australian figure is Judo Bank's own calculation). The Australian Chamber of Commerce and Industry-Westpac industrial survey found that confidence is at levels not seen since the GFC,…

Australia's coal phase out could occur within 15 years - at least if you are to believe the Australian Energy Market Operator (AEMO). Few would deny that the eventual phase out was inevitable, although perhaps not this fast, especially since the war in Ukraine led to surging energy and hence coal prices. This begs the…