Latest Synergies News

Genetic Signatures has added a new AGM resolution seeking approval to issue up to 340.7 million shares and 129.7 million options under its proposed Microba merger. The all-scrip transaction remains non-binding and subject to further shareholder, court, regulatory and due diligence conditions.

Sports Entertainment Group delivered sharp FY26 operating growth, with revenue up 39% and underlying EBITDA up 73% to A$18.2 million. The result arrives as SEG takes on MediaWorks New Zealand, suspends its final dividend and shifts from a largely Australian sports media business towards a larger trans-Tasman platform.

MaxiPARTS has delivered a sharp lift in first-quarter operating profit despite modest revenue growth, while its newly acquired Air Brake Systems business is set to contribute for most of FY27. The company has reiterated expectations for further earnings improvement and increased capital returns.

Genesis Minerals lifted cash and equivalents to A$598 million in the September quarter while maintaining FY27 production and cost guidance. The proposed Vault merger now carries a clear timetable, but its headline A$2 billion synergy potential remains subject to approvals and execution.

Magellan Financial Group says its Barrenjoey merger is integrating ahead of schedule, with annual synergies now forecast at $15 million. The group also reported $778 million of pro forma FY26 revenue, while warning that early FY27 trading has been softer in Financial Markets and Investment Management.

Sigma Healthcare has entered FY27 with double-digit Chemist Warehouse sales growth, stronger earnings and a merger integration program targeting $100 million in annual synergies by FY29. The next test is whether store expansion and technology consolidation can convert momentum into durable cash returns.

MyState reported a 41.2% rise in underlying FY26 NPAT to $58.3 million at its annual meeting, with merger synergies reaching $11.8 million on a run-rate basis. The bank kept its FY28 synergy target of $20 million to $25 million unchanged, while shareholders considered director, remuneration and CEO incentive resolutions.

MaxiPARTS has completed its $11.2 million purchase of Air Brake Systems, an acquisition expected to lift earnings per share by 17% before synergies. The deal adds a commercial vehicle braking business with $20 million in revenue and is forecast to contribute $5.5 million to group operating EBITDA by FY29, including synergies and underlying growth.

New Hope has agreed to acquire the Malabar shares it does not already own in an all-scrip deal valuing Malabar at about A$1.8 billion. The transaction would give New Hope full control of the ramping Maxwell underground mine and create a coal group targeting roughly 19Mtpa of saleable production.

Finder Energy has secured a conditional contract for the Hakuryu-5 semi-submersible rig to drill three development wells offshore Timor-Leste, with two further wells optional. The approximately US$42.3 million gross contract gives the Kuda Tasi and Jahal project a defined drilling window, but financing and multiple approvals remain outstanding before Final Investment Decision.

IAG has offered a package of competition remedies to support approval of its proposed 20-year insurance alliance with RAC of Western Australia, including the transfer of NRMA policy renewal rights and a $20 million community investment. The insurer says the transaction still carries $1.2 billion in additional annual gross written premium and approximately $100 million in annual pre-tax synergies once integration is complete.

WiseTech Global’s FY26 annual report charts a year of extraordinary expansion, with revenue up 79% after the e2open acquisition and underlying EBITDA up 56%. But the stronger earnings base comes with heavier debt, a major workforce reset and unresolved regulatory risks.