Latest Mergers And Acquisitions News

Austal has received a non-binding indication of interest from a Wildcat Infrastructure-led syndicate to buy Austal USA for an enterprise value of US$1.25 billion to US$1.35 billion. The proposal is conditional on four weeks of due diligence, leaving the potential transaction at an early and uncertain stage.

ASX has granted Hammer Metals waivers allowing it to cancel 29.5 million options and restructure its capital for the proposed Austral Resources deal and Western Australian gold demerger. The transaction still depends on the scheme becoming effective, while the demerger requires shareholder approval.

Kelsian’s proposed sale of its Tourism Portfolio to Journey Beyond has cleared the ACCC, removing a major regulatory condition before completion. The transaction still requires FIRB approval, contract consents and other conditions, with completion expected in 1HFY27.

Pacific Current Group has rejected a non-binding offer from Roc Partners, citing valuation and shareholder fairness concerns, while continuing to review a separate proposal from River Capital involving a potential share issuance at $13 per share.

Aureka Limited is set to become a gold producer after signing a binding agreement to acquire High Grade Holdings, including the Fiddlers Creek underground mine and Wedderburn processing mill in Victoria. The majority scrip, low cash deal valued at $8.9 million unlocks immediate production and processing capacity for Aureka’s Victorian gold projects.

Ingenia Communities Group has turned down a $4.75 per security indicative offer from Warburg Pincus, affirming its commitment to a growth strategy anchored by the Peet acquisition and long-term sector tailwinds.

Southern Cross Media Group has reshuffled its board leadership with Ryan Stokes stepping in as Non-Executive Chair as the company shifts focus to integration and performance following its merger with Seven West Media.

Codrus Minerals Limited posted a $1.41 million loss for FY26 as it confirmed gold and molybdenum mineralisation at Bull Run, rationalised its portfolio, and secured a binding acquisition of EdgeMet with a $2.5 million capital raise underway.

Forrestania Resources has finalized its A$300 million acquisition of the Edna May Gold Project from Ramelius, adding a second processing hub in Western Australia and advancing its goal to become a major gold producer.

Forrestania Resources completes A$300 million purchase of Edna May Gold Project, adding a second processing hub in Western Australia and raising over A$215 million in a major capital placement.

Peter Warren Automotive has secured ACCC approval for its acquisition of Wakeling Automotive’s dealerships in Sydney’s Macarthur region, contingent on divesting eight sites to maintain local competition.

HiTech Group has formalised its acquisition of Hudson Global Resources' Australian assets with a $7 million upfront price, plus up to $3 million in deferred payments tied to future cash flow. Completion is targeted for 11 September 2026, pending final conditions.