Latest Court Approvals News

Austral Resources’ proposed acquisition of Hammer Metals has cleared its first Federal Court hurdle, with ASIC registration of the Scheme Booklet and a shareholder vote now set for 9 November. The transaction still needs shareholder approval, a second Court hearing and other conditions before implementation.

Hammer Metals’ proposed acquisition by Austral Resources has cleared its first court stage, with ASIC registering the scheme booklet and an independent expert backing the scrip deal. Shareholders now face linked votes on the takeover and the demerger of Western Australian gold assets into an unlisted company.

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.

Noumi has secured court approval to put Arrovest’s proposed takeover and option cancellation schemes to shareholders and optionholders. The next significant disclosure is the scheme booklet, including the independent expert’s report.

Lynas Rare Earths has agreed to acquire Meteoric Resources in an all-share deal valued at about A$968 million, adding the Caldeira rare earths project in Brazil to its portfolio. The proposed transaction would materially expand Lynas’ resource base, but still depends on shareholder, court and Brazilian regulatory approvals.

Mayne Pharma has settled patent litigation with Sun Pharma over IMVEXXY, establishing 21 October 2032 as the agreed potential generic entry date, subject to court approval. The settlement involves no upfront payment, while one further Paragraph IV dispute remains unresolved.

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.

Ramsay Health Care delivered stronger FY26 earnings, a higher fully franked dividend and improved Funding Group leverage as it prepares to separate Ramsay Santé. The proposed demerger remains conditional, but the company has set a clear timetable for the next phase of its portfolio reshaping.

Titomic has set 30 November 2026 as its current target to complete a proposed move of its parent company from Australia to the United States. The ASX listing would remain, but investors would hold CHESS Depositary Interests in the new US entity if shareholders, the Court and other conditions approve the scheme.

Cygnus Metals’ proposed takeover by Central Asia Metals has been pushed into October after a required Kazakhstan regulatory approval remained outstanding. The revised timetable targets scheme implementation on 27 October, but the dates remain conditional.

Ausgold has secured an ASX waiver allowing 6,000,004 vested unlisted warrants to be cancelled without a separate shareholder vote if OceanaGold’s proposed takeover scheme becomes effective. The unexercised warrants would instead convert into Ausgold shares eligible to participate in the scheme.