Latest Board Recommendations News

oOh!media has sent shareholders the scheme booklet and voting materials for I Squared Capital’s proposed acquisition, moving the transaction into its decisive shareholder approval phase. The vote is scheduled for 2 November, with the board continuing to recommend the deal subject to key conditions.

Canyon Resources has advanced construction at its Minim Martap bauxite project, but a lender’s drawdown suspension has delayed first shipment and created material uncertainty over the company’s ability to continue as a going concern. The annual report also details a recommended rejection of A2MP’s A$0.05-a-share takeover offer.

oOh!media’s $1.68-per-share takeover by I Squared Capital has cleared another formal milestone, with the scheme booklet now registered by ASIC. The independent expert considers the offer fair and reasonable, but shareholders must still vote before the proposed 26 November implementation.

The Supreme Court of New South Wales has approved the shareholder meeting for I Squared Capital’s proposed acquisition of oOh!media at $1.68 per share. An independent expert says the offer falls within its assessed valuation range, but shareholders must still approve the scheme before completion.

Cynata Therapeutics (ASX:CYP) has reported a $9.25 million loss, negative net assets and a material uncertainty over going concern after its two major clinical trials failed to demonstrate efficacy. The company has since cut its workforce to zero, shifted management to the board and secured a $600,000 R&D tax incentive loan while it considers the future of its Cymerus platform.

Gold Corporation, trading as The Perth Mint (ASX:GCB), reported a record $100.19 million profit before tax for 2025-26 and recommended its largest-ever dividend to the Western Australian Government. The result was powered by extraordinary precious-metals demand and prices, but the company’s own budget points to a much leaner year ahead.

Motio has agreed to a recommended all-cash scheme with IVE Group that values each share at 6 cents, a premium to recent trading levels. Completion remains subject to shareholder, optionholder and Court approvals, an Independent Expert’s report and other conditions.

Reliance Worldwide Corporation has signed a binding scheme implementation deed for Brookfield to acquire all shares for US$3.38 each, equivalent to about A$4.75 at the stated exchange rate. The recommended deal now enters a limited window for rival proposals before shareholder, court and regulatory approvals are sought.

Ingenia Communities Group has turned down a $4.75 per security indicative offer from Warburg Pincus, affirming its commitment to a growth strategy anchored by the Peet acquisition and long-term sector tailwinds.

Avecho has resumed enrolment for the last stage of its pivotal Phase III trial of a TPM®-enhanced CBD capsule for insomnia, following a unanimous Data Monitoring Board recommendation to continue without expanding the sample size.

CZR Resources Ltd (ASX:CZR) has launched an all-scrip off-market takeover bid for Zuleika Gold Limited (ASX:ZAG), offering 0.1742 CZR shares per Zuleika share, valuing Zuleika at approximately $44.8 million and representing a premium of over 40% to recent prices.

Energy Fuels’ acquisition of Australian Strategic Materials (ASM) has officially closed following Federal Court approval, triggering suspension of ASM trading and setting the stage for shareholder payments and new listings.