♟️ Thursday 26 June 2025 Thu, 26 June 2025

The Takeovers Panel has declined to review its earlier decision on Keybridge Capital's board reshuffle, dismissing Yowie Group's challenge and signaling a firm stance on takeover conduct.

Duxton Farms announces a transformative merger with four private agricultural companies, alongside a $4 million fully underwritten placement and a special dividend, aiming to significantly expand its asset base and diversify its portfolio.

Duxton Farms Ltd is set to transform its agricultural portfolio through a strategic merger with four private companies, alongside a $4 million placement and a special dividend, aiming to boost scale and diversification.

Adherium Limited has successfully closed the institutional portion of its entitlement offer, increasing the raise to $4.492 million due to robust demand. The company now invites retail shareholders to participate as it advances its digital respiratory health solutions.

Ricegrowers Limited (SunRice) has reactivated its Dividend Reinvestment Plan for the FY25 final dividend, offering shareholders a discounted share purchase option backed by a $10 million partial underwriting.

SunRice Group reported a 4% rise in net profit for FY25 alongside an 8% dividend increase, navigating inflation and currency volatility with strategic growth initiatives.

The Takeovers Panel has issued interim orders preventing Yowie Group Ltd from processing acceptances or declaring unconditional its takeover bid for Keybridge Capital Limited, maintaining the status quo amid ongoing proceedings.

Percheron Therapeutics has licensed HMBD-002, a promising immuno-oncology monoclonal antibody targeting VISTA, from Hummingbird Bioscience, marking a strategic pivot after recent setbacks. The company plans to initiate phase II trials in 2026, aiming to advance this novel cancer therapy toward commercialisation.

Kinterra Capital has announced an all-cash $204 million takeover bid for New World Resources, offering a significant premium over a rival bid and recent trading prices. The move positions Kinterra to potentially gain full control of NWR, reshaping the company’s future.

Manuka Resources is progressing financing to restart its Wonawinta silver processing plant and is evaluating a promising gold cut-back at Mt Boppy to boost its Cobar Basin production plan.

The Takeovers Panel has declined to declare unacceptable circumstances in a dispute involving Mayfield Childcare Limited shareholders but has referred potential breaches of takeover laws to ASIC for further investigation.

MIXI Australia has launched a recommended all-cash takeover offer for PointsBet at $1.20 per share, significantly outpacing rival Betr Entertainment’s scrip proposal. The PointsBet board unanimously supports MIXI’s bid, highlighting its certainty and premium value.

Neometals’ joint venture Reed Advanced Materials has signed a non-binding MoU with Rio Tinto to collaborate on advancing the ELi Process, a lithium hydroxide production technology promising significant cost and environmental benefits.

Coventry Group Limited has appointed Nik Alpert as Acting Group CEO and announced a planned CFO transition, signaling a new leadership phase for the industrial distributor.

Australian Rare Earths Limited has achieved over 60% recovery of magnet rare earths in a bulk heap leach test at its Koppamurra project, demonstrating rapid leach times and scalability that underpin its low-cost development strategy.

Xero has completed a significant A$1.85 billion institutional placement to fund its acquisition of Melio, aiming to enhance its accounting and payments platform in the US market. A complementary A$200 million Share Purchase Plan will offer retail investors a chance to participate.

Aurizon updates its FY2025 EBITDA guidance to approximately $1.575 billion, reflecting volume and receivables adjustments, while announcing a strategic leadership restructure to unify Bulk and Containerised Freight operations.

NewPeak Metals has officially appointed Mark Purcell as Managing Director, with David Mason stepping into a Non-Executive Director role, marking a key leadership transition for the base metals miner.

Coda Minerals reports a metallurgical breakthrough at its Elizabeth Creek project, achieving copper recoveries up to 95.9% and silver recoveries of 97.3% using whole-ore leach techniques, promising significant cost savings and project simplification.

Strike Energy unveils a strategic pivot focusing on gas-fired power and upstream gas projects to underpin Western Australia’s energy transition and deliver shareholder value.

Civmec Limited has agreed to acquire Luerssen Australia for AUD 20 million, a move set to consolidate its position as a sovereign Australian shipbuilder and enhance its capabilities in naval vessel production.