Latest Board Recommendations News

Mad Paws Holdings Limited (ASX – MPA) shareholders are invited to vote on a Scheme of Arrangement for the acquisition of 100% of Mad Paws by Rover Group, Inc. at $0.14 cash per share. The Mad Paws Board unanimously recommends approval, supported by an Independent Expert’s Report deeming the deal fair and reasonable.

Peak Rare Earths Limited shareholders are set to vote on Shenghe Resources’ $195 million acquisition offer, which includes a 32% premium over recent share prices. Despite a higher unsolicited bid from GICP, the board recommends accepting Shenghe’s proposal.

Peak Rare Earths Limited held a pivotal scheme meeting on 16 September 2025 to approve Shenghe Resources’ $195 million acquisition offer, which includes a 23% premium on the original proposal. Despite a higher unsolicited bid, the board recommends shareholders back Shenghe’s cash deal.

Gold Road Resources has announced a fully franked special dividend of $0.43694 per share, contingent on its acquisition by Gold Fields’ Gruyere Holdings. The dividend will reduce the cash consideration payable under the scheme, with the board urging shareholders to approve the deal.

Eildon Capital Group has received a $0.80 per security takeover offer from Samuel Terry Asset Management, prompting the board to recommend no immediate action while it forms an independent committee to assess the bid.

Iris Cairns Property Pty Ltd has lodged a bidder’s statement for an all-cash $3.87 per unit takeover offer for Reef Casino Trust, securing unanimous recommendation from the trust’s board and major unitholders. The offer, representing a significant premium, awaits regulatory approvals and closes in March 2026.

PointsBet Holdings has issued a second supplementary target’s statement reaffirming its unanimous recommendation to accept MIXI Australia’s $1.25 per share cash takeover offer, despite a competing all-scrip bid from betr Entertainment. MIXI’s conditional price increase to $1.30 is unlikely as it cannot secure 90% ownership.

Reef Casino Trust and Iris Cairns Property Pty Ltd have agreed to increase the takeover bid price to $3.87 per unit, boosting the total offer value to approximately A$192.7 million. The unanimous board recommendation and major unitholder support underscore the deal’s momentum amid regulatory conditions.

PointsBet Holdings Limited has issued a supplementary statement urging shareholders to reject betr Entertainment’s increased scrip offer, reaffirming support for MIXI Australia’s competing cash bid. The board highlights risks tied to betr’s offer and underscores the superior value of the MIXI proposal.

Gold Road Resources has dispatched its Scheme Booklet to shareholders detailing the proposed acquisition by Gold Fields. The Board unanimously recommends approval, setting the stage for a pivotal shareholder vote in September.

Infomedia Ltd reported solid FY25 results with revenue up 4% to $146.5 million and net profit rising 32%, driven by key product growth and a strategic AI acquisition. The company also recommended shareholder approval of a premium takeover offer from TPG Capital.

Reef Casino Trust reported a 23.9% decline in half-year net profit due to higher regulatory and transaction costs, while announcing a recommended takeover bid at $3.72 per unit. The Trust declared a reduced distribution of 6.63 cents per unit.