How’s this for a deal flow in just two weeks:

Last week it spent $530 million on the Isle of Man Steam Packet Ltd. On Friday it was moving on US energy trader and retailer Cook Inlet

consortium led by Macquarie managed MacquarieCapitalAlliance will pay 650 mln eur for Denmark’s TDC Fortag Directories businss

Macquarie Airports, the world’s No. 2 airport operator, offered to buy Copenhagen Airports A/S, valuing the airfield owner at $2.5bn. To go from 14% to 60% with spend of more than $1bn. 31% premium.

Another deal is tipped in Britain next week and early next month its roads satellite, Macquarie Infrastructure Group, will bid on at least one of two massive French toll-road networks worth as much as $11 billion.

Macquarie Bank shares rocketed $1.47 to $65.15 today and is now clearly Australia’s biggest fund manager with more than $100 billion under management.

Will they bid for LSE? MAP shares rocketed 14c to $3.17 yesterday after hitting a high of almost $3.70 last month.

1. News Corp AGM in NYC – John Malone and the poison pill, what happened at meeting, no shareholder showbags, crazy old lady Evelyn Davis took me to task, Rupert admitted needs permission from kids to sell shares.

2. MACQUARIE BANK – seemingly trying to take over the world. Shares up another $1.80 to $65.48 as makes bids for Copenhagen airport, Nordic directories company, Yangtze Port business, Canadian nursing homes and ponders an offer for the London Stock Exchange.

3. TELSTRA AGM – wasn’t there but directors easily re-elected and board cranked up rhetoric on govt being too tough on Telstra. Frustration that huge job cuts from strategic review won’t be revealed until next month, but plenty of hints today – “we will be leaner” says Sol.

4. FAIRFAX – Cuts 55 jobs in Sydney and Melbourne as falling classified advertising continues to bite newspaper companies around the world.

SAUDI: http://www.newsmax.com/archives/ic/2005/9/28/115443.shtml

Peter Fray

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