shareholders

Australian-listed Indonesia gold and copper miner, Intrepid Mines (ASX:IAU), has provided some information about its ongoing dispute with their minor Indonesian Joint Venture partner, Indo Multi Niaga. During July, 660 workers and 7 expatriates were ordered off the Indonesian Tujuh Bukit project (which is mining gold, silver and copper).

South African miner Exxaro is on its move to takeover African Iron (AKI) after the ASX-listed company's major shareholder Cape Lambert Resources (CFE) accepted the offer of the bidder.

Foster's (ASX:FGL) is going to split its its beer and wine divisions this week. The arrangement will be put on a shareholder vote at a meeting this Friday in Melbourne. The scheme will pave the way for offers by larger corporations.

Australian Diversified Financial company, Challenger Financial Services Group (ASX:CGF) has proposed to make $850 million, or 40 percent, of funds from the Howard Mortgage Fund, which was frozen in October 2008. The proposal, if approved by fund members on 28 October 2010, will see the capital made available to investors by December 2010.

Mark Hooper, the incoming chief of Sigma Pharmaceuticals Limited (SIP) has signalled that the company can survive in the industry without facing a takeover and he termed the recent tilt by Aspen Pharmacare “opportunistic”. It is to be mentioned that Mr. Hooper is currently working as the chief finance officer for Paperlinx and worked for the group from the year 2001 to 2006. Mr.

The diversified international media and entertainment company News Corporation (NWS) has placed a massive $US11 billion worth of bid to gain complete control over the British Sky Broadcasting Group. It is to be mentioned that the recent takeover bid is one of the largest deals that News Corporation has come up with in years.

Deloitte Touche Tohmatsu termed the PetroChina and Royal Dutch Shell $3.5 billion worth of Arrow Energy (AOE), bid as a fair one since it was about $17 percent higher than the value of the Arrow shares. PetroChina and Shell took the decision in March to buy the Australian operations of Arrow Energy for as much as $4.70 per share which is to be paid in cash. According to Deloitte, the Australian operations of the company worth within the range of $4.00 and $4.40 per share.

Australia based Seven Group Holdings (SVW), one of the leading media companies of the country which is one of the largest magazine publishers there has announced the appointment of as many as three high profile directors in response of calls for bringing in further independence in the team although it is believed that the investors may turn less interested about the recently established conglomerate after the Government came up with the controversial super profit tax for the

Transurban Group (TCL), a company that owns, develops and operates intelligent transport system and runs electronic toll roads in Australia and United States is facing a potential sell-down of as much as 40 percent of its securities after the company turned down two takeover bids. Both the offers worth more than $7 billion and came from a consortium of the key shareholders of the company.