Latest Corporate Activity News

Ingenia Communities has reopened due diligence with Warburg Pincus after receiving a higher non-binding proposal worth up to $5.60 per stapled security. AVID Property Group now has until 10 November to match or exceed the offer, while Ingenia continues to pursue its Peet acquisition.

Goodman Group and Digital Realty have sought to build a stake of up to 9.9% in NEXTDC at A$9.50 a share, just weeks after the data centre operator cut FY27 guidance. The pair say they do not currently intend to bid for control, but have kept that option open.

Dicker Data has completed its acquisition of Sektor Group, adding a NZD 440 million-revenue distribution business across Australia, New Zealand and Southeast Asia. The deal was funded by extending existing debt facilities and is expected to be earnings accretive in FY26, excluding one-off transaction and integration costs.

White Energy has added coal assets in Queensland and Alabama, raised $15 million and completed the South Galilee acquisition after quarter-end. The company ended September with $8.252 million in cash, while exploration delivered fresh copper-gold-silver indicators at Specimen Hill.

Strike Resources has completed new exploration work at its Apurímac iron ore project, but its proposed A$5.5 million minority stake sale remains subject to conditions and has no confirmed completion date. The company ended September with A$877,000 in cash and estimated funding for about two quarters.

Blue Energy is positioning its Queensland gas portfolio for potential demand from LNG exporters under proposed federal reservation rules, while seeking a farm-in partner for ATP 854. The company ended September with A$3.2 million in unaudited cash, no debt and a more cautious approach to Sapphire spending.

DigitalX ended September with $60.7 million in cash, digital assets and investments, no debt and a completed $3.1 million share buy-back. The company is seeking approval for another 120 million-share buy-back while weighing AI and blockchain acquisitions.

Warburg Pincus has raised its non-binding proposal for Ingenia to $5.45 per stapled security, potentially delivering up to $5.50 including a permitted distribution. The increase has triggered AVID Property Group’s right to match or exceed the offer, while Ingenia’s Peet transaction remains in force.

Metals X finished the September quarter with A$434.87 million in cash, but Renison production and recovery fell while unit costs rose. The Rentails project’s engineering completion and final investment decision have also moved into the first half of calendar 2027.

OFX’s proposed $1.00-per-share takeover by Equals has lost its exclusivity after the UK bidder failed to reconfirm its proposal by the agreed deadline. Meanwhile, quarterly net operating income improved sequentially but remained well below the prior year, with enterprise revenue falling sharply and available cash declining.

C29 Metals ended September with $219,000 in cash and estimated funding for just 0.59 quarters, while its proposed $2.4 million placement remains subject to shareholder approval. The explorer reported no on-site exploration during the quarter, as it moved to cut costs and rationalise its portfolio.

The Takeovers Panel has declined to examine a challenge to Zenith Minerals’ handling of Aurenne’s proposed $5 million funding, removing one regulatory obstacle to Forrestania Resources’ recommended takeover. The Panel said there was no reasonable prospect of declaring unacceptable circumstances, but detailed reasons are still to come.