Good morning. The Adani saga continues. Hindenburg hit back with a not-so-subtlely note titled... "Fraud cannot be obfuscated by nationalism or a boated response that ignores every key allegation we raised."
Also The Australian's Dataroom section is back so there'll be more M&A coverage every day.
ps. we're moving to a new email service that'll make it easier for you to update your email and keep your Subscriber # if you every change jobs
*Stock data as of the market close. Commodities and crypto data in USD.
Market news: While the rest of the tech sector's been smashed worldwide, Wisetech's testing all-time-high territory. The logistics software company announced its biggest M&A deal last week, and at yesterday's close, it puts the value of its founder/CEO's shareholding at a tidy $7.5bn.
TRADING FLOOR
M&A:
GenesisCare is speculated to possibly enter a Chapter 11 bankruptcy in the US within days. (The Australian)
Harvest Lane Asset Management was selling down its 3%-odd position in Warrego Energy. (AFR)
Clough’s Webuild talks are said to be delayed by complicated arrangements. (AFR)
Jefferies’ bankers were readying big global buyout funds for the upcoming TEG auction. (AFR)
Downer EDI has found a potential buyer for its local transport projects business. (AFR)
Warrego Energy is heading towards a crunch point as Hancock Energy cash offer expires on Tuesday. (AFR)
Health and Plant Protein Group strikes am deal for the enterprise value sale of its macadamia nut business to MNP Holdings LLC. (BNA)
Apiam Animal Health corrals NSW regional clinics for $11.2m through two separate acquisitions. (BNA)
Healius faces growing shareholder pressure to merge with Australian Clinical Labs. (The Australian)
Final bids are believed to be due in about two weeks for the $1bn Jeld-Wen sale. (The Australian)
WiseTech Global’s $US230m acquisition of Envase Technologies makes strategic and financial sense, Morgan Stanley analysts say. (The Australian)
ECM:
Metals Acquisition Corp has put a $US125m-odd equity raising to fund managers. (AFR)
Equities desksare getting in early for the twice-a-year end of escrow blocks season. (AFR)
VC:
FoodByUs, a wholesale hospitality marketplace, has raised $12m in a Series B led by Base Capital. (StartupDaily)
Hnry, a fast-growing accounting software player, has banked $35m in a series B led by AirTree Ventures and Athletic Ventures. (AFR)
Salesforce has swung the axe on the local operation of its venture capital efforts. (AFR)
Other:
Citi welcomed its most diverse slate of interns this summer. (AFR)
👀 Most Adani shares continue bloodbath as Asia’s richest man loses $28 billion in a month
💰 Goldman Sachs CEO David Solomon gets 29% pay cut to $25 million after tough year
📉 German economy unexpectedly shrinks in Q4, reviving spectre of recession
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