Solstice Advanced Materials and Element Solutions terminated their $14.5 billion merger after shareholder feedback supported independence, while Solstice authorised a $500 million buyback and reaffirmed its 2026 guidance.
INFRASTRUCTURE
WiseTech Shares Slide as ACCC Steps Up Scrutiny
The ACCC’s search of WiseTech Global over logistics services and software triggered a steep share-price decline and renewed investor concerns.
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Sumitomo Mitsui Trust Takes 15% Stake in Morrison in $2B Partnership
The strategic alliance gives the Japanese bank a minority stake in New Zealand infrastructure investor Morrison while expanding infrastructure investment opportunities for its institutional clients.
Macquarie-Led Consortium Wins Court Approval for Qube Buyout
The Supreme Court's approval paves the way for the $11.7 billion takeover to become legally effective, with Qube set to exit the ASX 200.
Infratil Data Centre Valuation Climbs as CDC Reaches A$18.5B
Infratil data centre valuation rose to A$18.5 billion after an independent review increased the value of CDC Data Centres, supported by higher contracted capacity, expanded development plans and stronger FY26 financial performance.
Citi Turns Bearish on Oil, Sees Brent Falling to $60
The forecast adds to growing expectations that improving supply conditions and easing geopolitical tensions will weigh on global crude prices.
More infrastructure News
01
Australia Cements Vanuatu Security Ties With New Bilateral Deal
The agreement marks a significant step in Australia’s Pacific engagement strategy, deepening security cooperation with Vanuatu and reaffirming Canberra’s regional influence.
02
Pro Medicus Backs Echo IQ With Potential $20 Mn Investment
Healthcare imaging company Pro Medicus has agreed to invest up to $20 million in Echo IQ through convertible notes and plans to distribute the company's AI-powered cardiac imaging technology, strengthening its position in medical imaging and digital cardiology.
03
Ventia Services Taps Internal Executive Mark Ralston as CEO
The infrastructure services company has selected internal executive Mark Ralston to succeed Dean Banks as chief executive, highlighting the strength of its leadership pipeline after an extensive succession process.