Latest Board Recommendations News

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Vigorous Resources has initiated an unconditional off-market takeover offer for all shares of Rey Resources at a 155% premium, with unanimous support from the Rey board. The bid, funded by a major shareholder loan, aims to provide immediate cash value to Rey shareholders and could lead to Rey's delisting from ASX.
Maxwell Dee
Maxwell Dee
8 July 2025
Clean Seas Seafood shareholders have voted to approve Yumbah Aquaculture’s acquisition scheme, setting the stage for delisting and a significant ownership change. The deal offers shareholders a cash option or a scrip alternative, with expert backing and board endorsement.
Victor Sage
Victor Sage
8 July 2025
New World Resources has replaced its previously proposed scheme with a recommended off-market takeover bid from Central Asia Metals at A$0.062 per share, with the Board urging shareholders to accept. The deal includes a US$6.5 million loan facility and matches a rival offer from Kinterra.
Maxwell Dee
Maxwell Dee
7 July 2025
MIXI Australia has secured crucial gaming approvals from Ontario regulators, removing a major obstacle in its proposed takeover of PointsBet Holdings. The bid now awaits shareholder acceptance to proceed.
Victor Sage
Victor Sage
7 July 2025
MaxoTel, already Vonex’s largest shareholder, has agreed to acquire the remaining shares of Vonex at a significant premium, setting the stage for full ownership pending shareholder and court approvals.
Sophie Babbage
Sophie Babbage
4 July 2025
Envirosuite Limited shareholders are invited to vote on a $132.2 million acquisition proposal by Ideagen EVS BidCo Pty Limited, with the Envirosuite Board unanimously recommending approval. The scheme offers a significant premium to recent trading prices and is supported by an independent expert report deeming it fair and reasonable.
Sophie Babbage
Sophie Babbage
1 July 2025
Mandalay Resources Corporation has agreed to a plan of arrangement to be acquired by Alkane Resources Limited through its wholly owned subsidiary. Mandalay shareholders will receive 7.875 Alkane shares for each Mandalay share held, creating a combined gold and antimony producer with a strong balance sheet and diversified operations across Australia and Sweden.
Maxwell Dee
Maxwell Dee
27 June 2025
Donaco International Limited has entered a binding acquisition scheme with On Nut Road Limited at A$0.045 per share, deemed fair and reasonable by an independent expert. The Board unanimously recommends shareholder approval ahead of the August 2025 vote.
Victor Sage
Victor Sage
23 June 2025
PointsBet Holdings Limited updates shareholders on competing takeover bids, endorsing MIXI’s $1.20 cash offer while highlighting significant uncertainties and lower value in Betr Entertainment’s all-scrip proposal.
Victor Sage
Victor Sage
23 June 2025
Smartpay Holdings has entered a definitive agreement to be acquired by US-based Shift4 Payments for NZ$1.20 per share, representing a significant premium and a near NZ$300 million valuation. The deal, recommended unanimously by Smartpay’s board, awaits shareholder and regulatory approvals.
Claire Turing
Claire Turing
23 June 2025
PointsBet has released a supplementary scheme booklet revealing an improved $1.20 per share cash offer from MIXI, alongside a postponed shareholder meeting now set for June 25. The deal, backed unanimously by the PointsBet board, faces final court and regulatory approvals.
Claire Turing
Claire Turing
17 June 2025
Clean Seas Seafood updates shareholders on a lower scrip alternative ratio following Yumbah Aquaculture’s significant asset impairments, while the scheme meeting is postponed to early July.
Victor Sage
Victor Sage
17 June 2025