Reuters - Buyout Firm Flipped Co in a Day

A private equity deal involving a Canadian mining services company that was bought and sold on the same day has come under scrutiny in an Australian court, writes Reuters. The case, in which US buyout firm Castle Harlan and Australian engineering firm Bradken are accused of taking part in bid rigging, is the first test of an Australian law introduced in 2010 that broadened competition law to include bid rigging.

DealsCanadaNorth AmericaBriefs