Sydney - based TPG Telecom and its competitor iiNet scored a rare double today after announcing
a friendly takeover offer, with shares in both the bidder and its Subiaco - based target rising strongly as investors welcomed the combination as a logical strategic fit.
Crescent Capital Investments has sweetened its
takeover offer for infrastructure services group Cardno, boosting the deal to $ 3.45 per share, one week after competitor Coffey announced a
friendly takeover deal with global player Tetra Tech.