Industry News

Making the news today are the following stories:

Multiplex are in talks with Canadian based asset developer, Brookfield Asset Management. As reported in the Sydney Morning Herald, the Australian property developer said that Brookfield Asset Management had made a formal approach that may lead to an offer involving Roberts Family Nominees, the Roberts family company, which holds about 25.6 per cent of Multiplex.

No doubt more news will emerge on this one in the coming days.

Wilson Bowden is likely to confirm this morning a £2.13 billion takeover deal from Barratt. Any such deal will pay David Wilson, its chairman and co-founder, more than £700 million in cash and shares.

Meanwhile Countrywide will announce that it has received a bid approach from the US giant