Latest Asx Market News News

Ridley Corporation has completed the sale of its Wasleys Feedmill in South Australia to the Baiada group for A$22 million, marking a strategic divestment announced earlier this year.

Matrix Composites & Engineering has declined a reverse merger proposal from Advanced Innergy Solutions, citing undervaluation and strong standalone prospects. The decision underscores Matrix's confidence in its growth strategy and capital position.

Tasmea Limited is set to acquire the Vertex Group, enhancing its high voltage and portable power services across regional Australia, with a deal expected to boost earnings per share by 3%.

BGH Capital has made an unsolicited, non-binding proposal to acquire a controlling interest in Webjet Group at $0.80 per share, signaling potential shifts in ownership for the travel services company.

MedAdvisor Limited has received a non-binding offer from a major multinational software company to acquire its ANZ business division, valuing it above current market expectations.

My Rewards International Limited has completed its acquisition of Fly Wallet, a Mastercard principal member specialising in white label loyalty wallet solutions, in a $785,000 deal combining shares and cash installments.

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.