Stocks to watch at close on Thursday STOCKS to watch on the Australian stock exchange at close on Thursday: Australia's largest beef cattle producer plans to raise almost $300 million through the sale of new shares. AGK - AGL ENERGY - up 2.0 cents, or 0.1 per cent, at $15.25 Australia's competition watchdog has given the green light to electricity giant AGL Energy's $103 million takeover of of rival Australian Power and Gas. BGA - BEGA CHEESE - up 18 cents, or 5.7 per cent, at $3.33 Bega Cheese has made a $319 million takeover bid for Warrnambool Cheese and Butter which would create one of Australia's largest listed food companies. Caltex boss Julian Segal says the company has no plans to close its Lytton refinery in Brisbane, despite a move to import more processed transport fuel from Asia. MYR - MYER - down 11 cents, or 3.8 per cent, at $2.77 Myer chief executive Bernie Brookes has criticised high wages costs and the GST as the department store's full year profit fell by 8.7 per cent to $127.2 million. NHC - NEW HOPE - up 6.0 cents, or 1.4 per cent, at $4.46 Coal miner New Hope Corporation has appointed Shane Stephan as its new chief executive. SingTel subsidiary Optus has secured a $530 million contract to run ANZ's telecommunications services for another five years. SIP - SIGMA PHARMACEUTICALS - up 0.5 cents, or 0.8 per cent, at 64 cents Sigma Pharmaceuticals' half year profit fell by 38 per cent despite managing to lift sales in a difficult trading environment. Electricity and gas distributor SP Ausnet has lost a court appeal against amended tax rulings worth millions of dollars.