178:
In 1991, ACP sold its struggling
European waste management company ABT to ANI for $ 2 million, a decision which was not disclosed to ANI shareholders. Two weeks later, Packer, who had already reduced his shareholding in ANI from 48% to 30%, sold his remaining stake, making a $ 200 million profit. ABT
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149:. The company held motor vehicle franchises for many makes of cars. In 1929, it diversified into importing steel and engineering equipment. In the mid-1930s production of drop forgings commenced with motor dealerships opening in other states.
183:
which some observers thought was more likely to cost about $ 400 million. In 2006, it was estimated that the final losses from ANI's venture into
European waste management approached $ 1 billion.
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conducted an independent enquiry into the circumstances surrounding the sale of ABT to ANI, but his report was never made public by the corporate regulator, the
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175:(ACP) launched a takeover offer in April 1989. ACP gained control with a 48% shareholding in June 1989.
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Takeover Offer by Evans Deakin
Industries Limited for Australian National Industries Limited
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In 1911 John McGrath began to sell motor vehicles. It operated the first public garage in
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launched a counter takeover offer that was successful, with ANI delisted from the
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was an
Australian heavy engineering company with diverse range of holdings.
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had signed a contract to build a $ 150 million waste treatment facility in
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Australian
National Industries Limited Suspension from Official Quotation
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In the early 1940s, the largest forging plant in
Australia was opened in
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Comeng: A History of
Commonwealth Engineering Volume 5 1985-2012
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Companies formerly listed on the
Australian Securities Exchange
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164:. It was renamed Australian National Industries in 1956.
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Smorgon Steel Offer $ 1.10 All Cash
Alternative for ANI
197:, because the ANI board claimed it was defamatory.
195:Australian Securities & Investments Commission
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799:
489:ANI winds down Comeng and raises UK investment
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828:Defunct manufacturing companies of Australia
426:Australian Securities Exchange 10 March 1999
412:Smorgon Steel now Set to Acquire 100% of ANI
16:Defunct Australian heavy engineering company
167:Having acquired a 20% shareholding in ANI,
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364:"Kerry Packer and ANI: time for the truth"
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838:Australian companies established in 1911
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338:"Time for ASIC to release the ANI files"
235:Cockatoo Docks & Engineering Company
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390:Evans Deakin Industries 6 October 1999
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787:Publishing & Broadcasting Limited
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504:Engineering giants sell joint venture
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843:1999 disestablishments in Australia
823:Conglomerate companies of Australia
437:"Who's Who in the Spedley Disaster"
336:Mayne, Stephen (28 February 2006).
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833:Engineering companies of Australia
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524:issue 172 November 1989 page 178
538:. Dural: Rosenberg Publishing.
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362:Mayne, Stephen (1 March 2006).
158:John McGrath Industries Limited
474:ANI expecting $ 16m in damages
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402:Smorgon Steel 17 December 1998
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304:Packer snatches control of ANI
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287:Packer in surprise bid for ANI
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277:Australian National Industries
210:Australian Securities Exchange
135:Australian National Industries
22:Australian National Industries
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808:Auto dealerships of Australia
587:Australian Consolidated Press
414:Smorgon Steel 29 January 1999
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173:Australian Consolidated Press
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492:Australian Financial Review
323:Australian Financial Review
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253:Union Carriage & Wagon
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813:Companies based in Sydney
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609:Australian Woman's Mirror
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509:24 December 1985 page 11
96:$ 2.05 billion (1997/98)
479:27 October 1995 page 15
249:Queensland Bus Builders
202:Evans Deakin Industries
319:ANI hold on ABT report
108:$ 73 million (1997/98)
294:22 April 1989 page 17
162:Sydney Stock Exchange
216:Subsidiary companies
732:The Daily Telegraph
602:Australian NetGuide
534:Dunn, John (2013).
309:9 June 1989 page 15
114:Number of employees
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777:Nine Entertainment
212:on 17 March 1999.
160:was listed on the
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672:North & South
644:Disney Adventures
200:In October 1998,
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782:Packer family
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494:21 March 1988
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439:. 5 May 1989.
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326:29 April 1997
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206:Smorgon Steel
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71:Smorgon Steel
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623:The Bulletin
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371:. Retrieved
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345:. Retrieved
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188:Bob Ellicott
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169:Kerry Packer
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77:Headquarters
46:John McGrath
27:Company type
18:
686:The Picture
658:Everybody's
616:Auto Action
518:Deliveries
464:Coates Hire
462:Our History
373:21 February
347:21 February
230:Coates Hire
62:Acquired by
802:Categories
724:Newspapers
714:Zoo Weekly
259:References
103:Net income
594:Magazines
521:Fleetline
186:In 1997,
87:Australia
67:Successor
245:Comsteel
154:Lidcombe
770:Related
739:The Sun
452:Bradken
450:History
275:History
225:Bradken
141:History
123:Website
93:Revenue
51:Defunct
43:Founder
35:Founded
679:People
542:
368:Crikey
342:Crikey
240:Comeng
181:Madrid
82:Sydney
30:Public
749:Radio
700:Ralph
651:Dolly
118:7,000
630:Cleo
540:ISBN
375:2016
349:2016
59:Fate
54:1999
38:1911
761:3AK
756:2BS
693:Pix
171:'s
804::
366:.
340:.
267:^
191:QC
85:,
579:e
572:t
565:v
548:.
377:.
351:.
Text is available under the Creative Commons Attribution-ShareAlike License. Additional terms may apply.