The market seems to be discarding bonds, which means that the banks will stand to lose out, at least on a relative basis. Anything with a decent yield tends to be targeted.

The sale provides the business with a huge surplus of capital, some of which will be returned to shareholders, which is also a move people will savor.

There'll definitely be relief when there's clarity. While you might have a couple of residual issues hanging out there, this is a fairly large step in resolving the matter.

Seven's put together a reasonable case. They've definitely got an issue that they need to explore through the courts.

Oil above $70 and the threat of a weakening U.S. economy are going to shake out those hangers-on in all markets. Oil affects just about everything, from companies' costs to consumers.

It's not just miners - I suspect there will be a few more industries feeling the effects of oil prices and other costs.

If they make too many concessions then the potential synergy values to them of the takeover begin to evaporate.