Kanika Sood

Investor sources told this column that AxiCorp has lobbed multiple offers at the SelfWealth board over the past few months but received the cold shoulder.

Sources with direct knowledge of the negotiations said Supercars has already met with Nine Entertainment as well as incumbents Seven and Foxtel about a new deal.

Of note, the FIRB application is understood be the last remaining item on the buyers’ to-do list, with client and Asian approvals already squared off.

Marimaca’s Hayden Locke-led management team is yet to decide if it wants to raise fresh equity as part of the ASX listing or defer it to a latter date.

Of note, the external bookbuild was upsized by $100 million from the $1.65 billion it had sought when it began marketing the deal a fortnight ago.

Cuscal is excepted to commence trading with a $479 million market capitalisation on Monday.

Stockbrokers Canaccord Genuity and Morgans have underwritten the deal which will see True North sell shares at a whopping 83.3 per cent discount to raise $50 million to $60 million.

The $US3 billion auction for Anglo American’s Queensland coal mines has narrowed down to two bidding consortiums, Peabody-BUMA and Stanmore-GEAR-M Resources.

The dental chain founder says he’d be supportive of Genesis receiving board representation.