Latest Mergers And Acquisitions News

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.

Energy One has secured Australian foreign investment approval for Fluxys UK to receive up to an 18.26% stake through the proposed GMSL acquisition. Shareholder approval at the 15 October extraordinary meeting is now the final positive condition before completion.

Alkane Resources has reported a transformational FY2026, with the Mandalay merger helping lift revenue to A$935.8 million and profit after tax to A$228.7 million. The enlarged gold and antimony producer has also declared its first dividend and approved a buy-back, while setting broadly stable production guidance for FY2027.

Peter Warren Automotive has completed its acquisition of Wakeling Automotive, but the transaction remains tied to eight dealership divestments required by the ACCC. The deal expands Peter Warren’s dealership portfolio while leaving a significant regulatory obligation outstanding.

Capstone Copper has agreed to sell its Cozamin mine in Mexico to Luca Mining in a deal featuring US$275 million upfront and as much as US$110 million in deferred and copper-linked payments. The proposed sale would give Capstone fresh balance-sheet capacity while preserving indirect exposure to the asset through Luca shares.

BSA is proposing to acquire aerial infrastructure technology business Eonetics in a largely scrip-based transaction that would leave the sellers with about 39.9% of BSA. The deal remains non-binding, with one seller yet to sign and multiple approvals still required.

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.

Stakk Limited (ASX:SKK) delivered a sharp FY2026 revenue increase and moved to audited operating profitability, but its next test is considerably larger: integrating ParaScript while servicing new debt and converting contracted revenue into cash. The company is targeting A$55.2 million of pro forma revenue and A$18.5 million of EBITDA in FY2027.

Transurban Group has agreed to pay $4.5 billion for Canada’s pension fund’s stakes in three major Sydney toll roads, lifting its ownership of Westlink M7, NorthConnex and WestConnex. The debt-funded transaction is expected to support long-term free cash growth, but still requires regulatory and contractual approvals.

Heartland shareholders have overwhelmingly approved the proposed acquisition of TSB and the creation of TSB Heartland Bank, advancing the transaction toward regulatory completion. The deal still faces outstanding conditions, including a Material Adverse Change test and required approvals.

Atomos Limited (ASX:AMS) returned to profit in FY26 as revenue rose 22.5% and EBITDA swung positive, but the recovery remains financially fragile. The video technology group continues to carry negative net assets, used cash in operations and faces a possible covenant shortfall in the December half.