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David Jones Limited (DJS) said it had entered into a ‘Department Store Exclusive Brand Agreement’ with Australian designer Carla Zampatti. David Jones said that her and fellow designer would remove their product from Myer stores and become exclusive to David Jones from autumn next year. Over the past five years the Carla Zampatti brand has grown by 30% within our stores and the Bianca Spender brand was added to our suite of brands in 2008, David Jones said in a statement.

Amcor Limited (AMC) announced that it is planning to raise US$850 million from the US Private Placement market. The packaging company said it had selected bids for US$850 million of notes with bullet maturities of seven, nine and 12 years with respective amounts of US$275 million, US$300 million and US$275 million. Amcor said the fixed coupon rates were priced at 5.38%, 5.69% and 5.95% respectively. The company said funding is targeted for December 15 following confirmatory due diligence by investors and until this time finalisation of the issuance is not guaranteed. Amcor intends to use the funds, in part, to replace existing outstanding bank borrowings and the balance for general corporate purposes.

Sedgman Limited (SDM) said it has won a $75 million design and supply contact for the upgrade of Xstrata’s ATCOM coal handling and preparation plant (CHPP) near Johannesburg. The company said the upgrade is part of Xstrata Coal’s recently announced $US407 million ATCOM East Project and would be delivered by Sedgman Limited and Sedgman South Africa Pty Ltd under a staged, tripartite contract with Xstrata South Africa Pty Ltd.  Sedgman and Xstrata are also discussing a second separable portion to the contract which would extend the scope of services to include construction of the ATCOM Upgrade with completion being targeted by the end of calendar 2010.

Firstfolio Limited (FFF) shares soared Thursday after the mortgage and financial services group announced it was in exclusive negotiations to acquire three separate mortgage businesses that would add approximately $6 billion in mortgage assets to the group’s existing $12 billion loan portfolio, and see monthly settlements of around $300 million. The company said it had commenced due diligence to acquire finance company, First Chartered Capital’s $3.5 billion loan book, wholesale mortgage manager, Loan Services Australia’s $2 billion mortgage managed loan book and boutique mortgage manager, Xplore Capital’s $400 million managed mortgage book. Firstfolio said the combined consideration for all three acquisitions involves upfront payments of $15 million in cash, five million shares and an estimated $5 million in deferred payments tied to agreed performance metrics.
 

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