Mining giant Mineral Resources (ASX: MIN) has revealed plans to make an off-market bid for the remaining stake in oil explorer Norwest Energy (ASX: NWE), adding to its existing 19.9% stake in the company.
Three of Australia’s major banks have announced the settlement of separate class action lawsuits totalling $126 million with compensation and class action law firm Slater and Gordon.
The a2 Milk Company (ASX:A2M) is set to face a class action lawsuit led by Slater and Gordon on behalf of unhappy shareholders. The class action, filed in the Supreme Court of Victoria, alleges A2M engaged in misleading or deceptive conduct in breach of the Corporations Act. The market was quick to react to the development with the A2M share price tumbling 6% at the time of writing.