Latest Court Approvals News

Robex Resources and Predictive Discovery have amended their arrangement agreement, reducing the exchange ratio and delaying the shareholder meeting to late December. Major shareholders have recommitted to support the deal, which awaits court approval.

Locate Technologies has secured court approval for its scheme of arrangement, marking a pivotal shift as its shares suspend trading on the ASX ahead of a planned delisting and NZX listing.

AMP has reached an agreement in principle to settle a long-running class action over commissions paid between 2014 and 2021, agreeing to pay $29 million without admitting liability.

Locate Technologies secures court approval to transition its holding company to a newly listed New Zealand entity, marking a significant restructuring and ASX delisting.

Snow Lake Resources has secured a crucial no objection from Australia’s Foreign Investment Review Board for its proposed acquisition of Global Uranium and Enrichment Limited, paving the way for the transaction’s next steps. The independent GUE board unanimously recommends shareholders back the scheme, pending expert endorsement.

National Storage REIT has entered a definitive agreement to be acquired by a Brookfield and GIC-led consortium for $2.86 per security, valuing the company at $4 billion. The Board unanimously recommends the scheme, pending shareholder and regulatory approvals.

The Federal Court of Australia has approved BHP’s AU$110 million settlement of the Samarco shareholder class action, marking a significant legal milestone for the mining giant.

Predictive Discovery Limited has received a compelling unsolicited acquisition proposal from Perseus Mining, valuing the company at approximately A$2.1 billion and triggering a critical matching rights period with Robex Resources.

Predictive Discovery has received a compelling unsolicited acquisition proposal from Perseus Mining, valuing the company at A$2.1 billion and triggering a competitive matching period with Robex Resources.

African Gold Limited has entered into a binding agreement for acquisition by Montage Gold Corp. in an all-scrip deal valuing African Gold at a significant premium. The transaction aims to combine key Côte d’Ivoire gold assets under one larger entity.

Global Uranium and Enrichment Limited has obtained a crucial ASX waiver allowing the cancellation of certain unlisted options without shareholder approval, smoothing the path for Snow Lake Resources’ acquisition scheme.

Lynch Group Holdings Limited (LGL) will be suspended from ASX trading following Federal Court approval of its acquisition by Darwin Aus Bidco Pty Ltd. This marks a significant step in the company’s transition under new ownership.