MacBank remains on acquisition trail

With at least four deals on the go, the Australian investment bank flexes its balance sheet muscle again in 2006.

Macquarie Bank this week announced a new acquisition for 2006 with its $270 million offer for global airport baggage cart business Smarte Carte - a sign that the bank is preparing for another year of asset purchases.

Other deals in the pipeline include a 1.5 billion hostile bid for the London Stock Exchange, the purchase of five chemical plants from Nitrochem Corporation in Canada and rumours that it is part of a consortium bidding for the...

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