Travelodge takeover bid discussed by Australasian firms
Southern Pacific Properties Ltd Hong Kong has bid for Travelodge shares. Directors sought more information on the offer while Greenway and McMahon commented on potential benefits and government stance on foreign control. Management would stay in place if the deal proceeds.
MENTIONED IN THIS ARTICLE
Ate CA Gheera
Barman
Manag 2Odwesgiar
Traseiidge Austrata Pte
Sid Vesterdas Directiors
Southern Paste Properties Ltd
Hong Kong
McMahon
Canberra
Treasury
Greenway
Southern Pacific
Harnadls
Travelodge takeover plan prompts industry funding debate
The report notes Travelodge faces a large liquidity gap and seeks capital from Southern Pace Properties. It cites earnings drops and rising borrowings, with Travelodge and other motel groups facing capital shortages. Analysts urge government action, including depreciation allowances and export incentives, to support overseas and domestic visitors.
MENTIONED IN THIS ARTICLE
Australia
Peat Mitchell
Sane Boat Commodore Ltd
Australian Motel Industries Ltd
Anta
Ospeuhe
Meta
Mir Tucker
Pelican 3 Well in Bass Strait Strikes Gas Hydrocarbons
The BHP Esso partnership reports hydrocarbons at Pelican 3 in Bass Strait with cores indicating gas hydrocarbons. Depth and formation data are preliminary pending logs and wireline tests. structure lies about 50 miles north of Burnie.
MENTIONED IN THIS ARTICLE
Bhp-Esso Parners
Bass Strait
BHP
Burnie
JBL sale move prompts Australia operator takeover talks
Directors of JBL Holdings Ltd negotiate selling the JBL Australian interests amid receivership news for JBL Consolidated Ltd. A plan to issue new shares and split ownership surfaces while talks with interested buyers continue and a name change to JBL Australia Ltd is reported.
MENTIONED IN THIS ARTICLE
JBL Holdings Ltd
JBL Australian Operahonks
JH Holdings LZ
JBL Consolidated Ltd
An? Bank
Io Sauney
Pactice Am Sady Ney
MUT
JBL
JBL Australia Ltd
Aplit Ote
Government moves to curb monopolies and boost competition
Measures proposed by Attorney General Greenwood on Wednesday call for a monopolies commission with a full time chairman and part time members to examine monopolistic practices. They would amend the Restrictive Trade Practices Act to give the commission broader powers, including subpoenas, preventing mergers, and potentially winding up corporations. The plans aim to shift from a paper tiger approach to active enforcement, though warnings about government concentration of power remain.
MENTIONED IN THIS ARTICLE
Attorney-Creneral
Greenwood
Government blocks Rocla takeover bid by Concrete Industries
Prime Minister McMahon said the Government could not stop the proposed merger of Concrete Industries Monier and Rocla Industries at the Monopolies Commission. He noted competition would remain between two Australian firms with Hume Pipes Ltd holding a major share. A preliminary examination suggested Redland UK based interest in the main company would fall from 49.9 to 40 percent.
MENTIONED IN THIS ARTICLE
Concrete Industres (Monier) Ltd
Rocla Industries Ltd
Monopolies Commission
McMahon
Hume Pipes Lids
Clorton
Gorton
Groote Eylandt Mining Venture Drives Aboriginal Equity
Groote Eylandt in the Gulf of Carpentaria yields manganese profits with a $40 million development since 1962. Groote Fylandt Mining Company, a Gemco subsidiary, expands capacity to 3,000,000 tons yearly and ships ore via Milne Bay and Bell Bay. The project funds royalties to Aboriginal guardians, funds for Aboriginal benefits, and a local town with transport and utilities services. A northern territory settlement, Umbukumba, hosts Anindilyangwa language research and 2,000 pounds monthly fish landings by Umbukumba Development Association traders.
MENTIONED IN THIS ARTICLE
Panesé
Milnee Bay
Hart
BHP
Gemeo
Groote Eyiande
Firs
ST Ho
Alvanguda
Groote
Herusimg Abit Hei
Alvangula
Fre Willian
Queensland Department of Primary Industries
Tropics
Darwin
West
Mbukumba
My Frederickaray
Pyar
Qantas
Port Lang
Wen
Lomakarniba
CMS
Lmbukumba
Terntory
Chaplaimey
Misa Judith Smokes
Umbukumba Development Association
Weather summary from Canberra region and district forecasts
An OCR described Canberra yesterday weather notes. Mostly overcast east coast with cloud clearing west. Temperatures ranged from 7 to 14 degrees at some stations with low winds in many areas and stronger northerly to northwest along the central and southern tablelands. Reports include district forecasts for the South Tablelands, Monaro, South Coast and surrounding areas, noting morning fog, cool to cold conditions, and variable wind directions with a shift to the southeast later.
MENTIONED IN THIS ARTICLE
Capbheers
Smokey Cape
Maine
Colereme
Thies
Canberra
Sun
Bam
Baisfael
Crook Wait
Taralga
Bradwood
Millar
Pisa
Lake Murty Cale
Thowty
Craiser
ANI Wins Bid to Control Coates and Co Ltd
ANI secures 49 percent of Coates capital and plans a fresh bid. Directors say they will offer four ANT shares plus cash for every three Coates shares to push past the 50 percent goal. Earlier report notes Rocla’s takeover bid and ANI’s higher stake pursuit.
MENTIONED IN THIS ARTICLE
Alida
Iveledge
ANTA
ANI
Lmited
Coates
Roca
Also Mentioned on This Page
Travelodge
Mearns
Calement
Dom- Hoare
Old AP Co
Adsesers
Greenwan Sand
Wothe Board
CON rOeeray
Mr Greenway
Tan AW Cormack
Vravelonige Nustraha Ltd
Aus
Southern Pace Properties Ltd
Ty Yat One
India
Baihe
DPR
SHAS
Tucker
J.B.L. Sale Move
Somennon
JAS
JBL Holdings
Whalls
Seecans
Foe Med
ANS
Atake Orm Mat
MAT
JBL Securities
Ltct
Obs
London
Warwick Bracken
Economics
Legal
Enem
Rocla
Island
Frrolog
Simper
Fylandt
Gulf of Carpentaria
Japan
Europe
Bormen
Helmer
Aroote
Mt Isa
Bundey
Gove Peninsula
Groote Falandr Mining Company
Creme, Aubsidiary
RHP
Yar
Greate Fyland
Crowe
Tau
Fate Lam
Commonwealth
AHP
Groote Eylandt
Gunn Resources Laustralia
Michael Kais
Northern Territory Administration
Umbukumba
Angurugu
Mangan
Bureau OF Meteo
Cole He
Cplote
Perth Fineman
Hoban
Sratney
Sidoey
Bret Shower
Max
Melbourne
Aariaide
Fim
Nanny
Capital Finance Cord We Pi Freld
Civic Centre
Australian National Industries Ltd
Rocla Industries
Coates and Co Ltd
Patrick Intermarine
Stocks & Holdings Limited
GUEED
Gikill
Patrick Intermarine Management Limited
Eaders
Pau Partners
Patrick Ntermarine
Patrick Partners
Sydney Stock Exchange
FW Porter & CO
Stock Exchange of Adelaide Limited
Austria
Tomer
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