Latest Schemes Of Arrangement News

Reliance Worldwide Corporation has sent shareholders the Scheme Booklet for Brookfield’s proposed acquisition, putting the transaction into its formal voting phase. The scheme meeting is scheduled for 4 December 2026, with proxy forms due two days earlier.

oOh!media shareholders have taken the proposed $1.68-per-share I Squared Capital takeover to its decisive meeting, with proxy and direct votes showing 99.81% support by votes cast. The final poll result was still to be announced, while FIRB approval remains the key outstanding regulatory hurdle.

The Supreme Court of Western Australia has approved Evolution Mining’s scheme to acquire the Carnaby Resources shares it does not already own. The transaction is expected to become effective on 30 October, with Carnaby’s ASX delisting targeted for 11 November.

Challenger has used its 2026 AGM to showcase stronger earnings, record annuity sales and a substantial capital buffer while keeping discussions open with TAL Daiichi Life over its $11.80-per-share approach. The board still does not consider the proposal sufficient to recommend to shareholders.

Lynas Rare Earths has reported its strongest September quarter in years, with sales revenue reaching A$310.1 million and NdPr production hitting a record 2,082 tonnes. The company is also advancing its Meteoric Resources acquisition and other supply-chain investments, although planned Malaysian maintenance will weigh on the December quarter.

Cygnus Metals has completed its acquisition by Central Asia Metals, transferring all Cygnus shares to the London-listed miner. Eligible shareholders received 0.06 new CAML shares for each Cygnus share, as Cygnus moves towards its final ASX delisting.

The Takeovers Panel has ordered the forced sale of a substantial parcel of DGR Global shares after finding undisclosed associations and takeover-law breaches pushed related parties’ voting power as high as 45.43%. The orders also open the way for a takeover bid or scheme while imposing new controls on DGR’s board and major shareholders.

European Lithium has secured Supreme Court approval for its proposed share and option schemes with Critical Metals Corp., removing the central legal hurdle to the transaction. The deal is now expected to move from ASX trading to a NASDAQ-listed CRML structure in early November, subject to the court orders being lodged with ASIC.

Challenger’s board has rejected TAL Daiichi Life Australia’s indicative $11.80-per-share takeover proposal as too low to recommend, while leaving the door open to a revised offer. No binding transaction has been agreed and shareholders have no action to take at this stage.

Steadfast Group’s proposed takeover has cleared a key procedural hurdle, with the Supreme Court of New South Wales approving the shareholder meeting and distribution of the Scheme Booklet. An independent expert says the deal is in shareholders’ best interests in the absence of a superior proposal.

RAS Technology has agreed to a $49.8 million all-cash takeover by The Press Association, giving shareholders a 93% premium to the last traded price. The deal has board and founder support, but still requires an independent expert’s endorsement, shareholder approval and Federal Court sanction.

European Lithium has secured a date for the Supreme Court of Western Australia to consider approval of its proposed acquisition by NASDAQ-listed Critical Metals Corp. Several transaction conditions have been satisfied, waived or appear on track, but securityholder votes and court approval remain outstanding.