Also in resources, the potential takeover of PanAust comes back...

Also in resources, the potential takeover of PanAust comes back under the market spotlight today as the firm releases its latest earnings. There has been no news on the $1.4bn takeover bid from major shareholder Guangdong Rising Assets Management since PanAust said in July that GRAM and “other interested parties” were undertaking due diligence. There is waning optimism a deal will proceed, according to the AFR, with speculation swirling that GRAM is struggling to produce a suitable final offer and no other buyers are waiting in the wings.