AUS
NZ
UK
CA
USA
FRA
GER
ESP
ITA
NLD
PRT
SWE
GRC
IND
POL
BRA
ZAF
RUS
CHN
UAE
After successfully winning the acquisition bid, Transurban Group (ASX:TCL) has bagged Foreign Investment Review Board (FIRB) approval to acquire 51% stakes in Sydneyâs Westconnex motorway from the Government of New South Wales. It has been announced that the Australian Government has no objection to the Westconnexâs acquisition by Sydney Transport Partners consortium. [optin-monster-shortcode id="wxhmli4jjedneglg1trq"]
As announced on 31 August 2018, the company is set to raise $4.2 million through an entitlement offer to fund Transurbanâs equity contribution for the Westconnex acquisition. Subsequently, the company has today issued the terms and condition for the offer according to which eligible institutional security holders and eligible retail security holders can subscribe for 10 new securities for every 57 existing Transurban stapled securities at an offer price of $10.80 per new security. Record date of an entitlement offer is set to 5 September 2018.
The financial close of the acquisition is expected in late September 2018.
The stock of Transurban Group continues to remain in trading halt as on 3 September 2018.
The Income available from dividends remains attractive for many investors.
We take a look at the best yields on the market and assess what they say about a companyâs prospect.
One Thing is certain, though, Australia interest rates are still low, making income difficult to come by and keeping the focus for many investors on high yielding stocks. Kalkineâs team of analysts bought you handpicked report for âTop 25 Dividend Stocks For 2018.â
ASX-relevant Special Reports are published year-round to provide a detailed analysis into an investing opportunity or a potential risk to your portfolio.
Click here to get your free report.
Disclaimer
The advice given by Kalkine Pty Ltd and provided on this website is general information only and it does not take into account your investment objectives, financial situation or needs. You should therefore consider whether the advice is appropriate to your investment objectives, financial situation and needs before acting upon it. You should seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice) as necessary before acting on any advice. Not all investments are appropriate for all people. Kalkinemedia.com and associated websites are published by Kalkine Pty Ltd ABN 34 154 808 312 (Australian Financial Services License Number 425376). website), employees and/or associates of Kalkine Pty Ltd do not hold positions in any of the stocks covered on the website. These stocks can change any time and readers of the reports should not consider these stocks as advice or recommendations.
