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The business week in numbers

AAP logoAAP 30/09/2016 Garry Shilson-Josling, Economist

The big and small numbers that grabbed attention - or should have - in the business world over the past week.


$1.1 billion. Quality standards and information services company SAI Global's board accepted a $1.1 billion all-cash takeover offer from Hong Kong-based Baring Asia Private Equity. The all-cash bid is subject to Foreign Investment Review Board approval.


$138 million. Travel insurance group Cover-More agreed to buy US-based Travelex Insurance Services for $138 million. The purchase, which Cover-More says will give it a strong presence in North America, will be partly funded through a $73 million rights offering.


4. Sydney is ranked fourth on the Global Real Estate Bubble Index compiled by Swiss financial services giant UBS. Of the 18 centres studied, Sydney was one of only six in the "bubble risk zone". UBS said changes in the economy, sentiment or housing supply could trigger a rapid decline in house prices for cities in the bubble risk zone.


177,300. That's how many job vacancies there were in August, according to the Australian Bureau of Statistics. It was the highest since May 2012 and well over the 2013 low of 138,900.


$30 million. Broadcaster Nine Entertainment made a $30 million profit on the sale of its stake in radio and regional television company Southern Cross Media. Nine sold its 9.99 per cent stake for $1.54 per share, after paying $1.15 per share just six months ago.

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