☕ Friday facts

Good morning. Random Friday fact... a car crashes into a 7-Eleven store on average once a day, and the problem just cost the chain $91 million after a lawsuit by an injured man.

Good morning. Random Friday fact... a car crashes into a 7-Eleven store on average once a day — they've had 6250 car crashes over the last 15yrs — and the problem just cost the chain $91 million after a lawsuit by an injured man.

Enjoy the weekend ✌

LOI Subscriber #TBD

MARKET MOVERS

*Stock data as of the market close. Commodities and crypto data in USD.

Market news: Newcrest was the first to drop their M&A update yesterday, with the gold miner calling Newmount's bid "not sufficiently compelling".

  • Newcrest's got JP Morgan and Gresham advising.

Meanwhile, the folks at Origin Energy said they remain in "active engagement" with Brookfield/EIG even though diligence has taken way longer than intended.

  • Origin's got Barrenjoey and Jarden advising.

TRADING FLOOR

M&A:

  • Anchorage is in late-stage talks with Green Cross Health for Access Community Health. (AFR)

  • Petronas’ signs a $1bn deal with Wirsol Energy for its Australian solar assets. (AFR)

  • Newcrest rejects Newmont's $24.4bn bid and pays a dividend 3x the market expectation. (AFR)

  • Origin deal price concerns grow after CEO was unable to offer any assurances. (AFR)

  • Small bolt-on acquisitions are set to be on the agenda for Orora rather than a transformational deal. (The Australian)

  • Endeavour Energy stake is for sale, but buyers are scarce. (The Australian)

Capital Markets:

  • Macquarie and UBS are seeking bids for $NZ138m shortfall auction in Ryman Healthcare. (AFR)

  • Goldman Sachs, UBS, and Barrenjoey are the lead managers on Virgin Australia’s potential IPO. (AFR | The Australian)

  • Centuria Industrial REIT is seeking to raise $300m via the sale of convertible bonds. (AFR | AFR)

  • Intellihub is chasing lenders for an additional $500m funding. (AFR)

VC:

  • None

Others:

  • Amicaa nabs ex-Anchorage dealmaker as a managing director for its new private debt. (AFR)

  • Citi pulled the plug on its Aussie credit trading desk. (AFR)

THE QUICK SYNC

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