Latest Mergers And Acquisitions News

SEEK Limited’s proposed acquisition of Xref Limited has hit a major roadblock after Xref shareholders voted against the scheme, falling short of the required 75% approval threshold. Despite strong endorsements, the deal is now terminated, prompting SEEK to reconsider its growth strategy.

Xref Limited’s proposed acquisition by SEEK Limited failed to secure the necessary 75% shareholder approval, leading to the termination of the scheme and a renewed focus on independent growth.

Trigg Minerals has expanded its New South Wales antimony holdings by acquiring the historic Bukkulla Mine and extending its footprint into the Nundle Goldfield, confirming high-grade antimony potential and setting the stage for systematic exploration.

Corazon Mining has completed a comprehensive VTEM™ geophysical survey over its MacBride Base and Precious Metals Project in Canada, revealing multiple conductive anomalies that could signal new massive sulphide deposits. The company is now prioritising drill targets with plans to commence drilling in late Q1 2025.

Aeris Environmental has updated its quarterly cash flow report, confirming ongoing operational cash outflows but expressing confidence in maintaining current cash flow levels while exploring new funding avenues.

Mako Gold Limited’s securities have been suspended from ASX trading following Aurum Resources’ dispatch of compulsory acquisition notices, signaling a pivotal ownership transition.

The Takeovers Panel has declined to investigate Keybridge Capital’s applications alleging shareholder associations and takeover law breaches, clearing the way for an upcoming board replacement vote.

Entyr Limited has received a $3.79 million R&D tax incentive payment for its innovative thermal desorption project targeting rubber waste, reinforcing its position in sustainable tyre recycling technology.

Xref Limited shareholders convened to vote on SEEK Limited’s proposed $0.218 per share acquisition, representing a substantial premium over recent trading prices. The outcome hinges on shareholder and court approval, marking a pivotal moment for the software company’s future.

Redivium Limited’s recent entitlement offer failed to meet the minimum subscription, leading to its cancellation and full refunds to investors. The company now pivots towards a green bond funding strategy to support its battery recycling ambitions.

5G Networks Limited has extended its on-market takeover offer for AuCyber Limited shares, prolonging the bid period to mid-February 2025. This move signals continued strategic interest amid a competitive acquisition landscape.

5G Networks Limited has automatically extended its takeover offer for AuCyber Limited after increasing its voting power to over 50%, signaling a decisive step toward full control.