Latest Takeover Bid News

MIXI Australia has increased its all-cash takeover offer for PointsBet shares to $1.25 and removed all remaining conditions, making the bid unconditional. The offer closes on 25 August 2025, with MIXI holding nearly 29% of PointsBet and aiming for board influence.

The Takeovers Panel has accepted an undertaking from betr Entertainment, addressing key disclosure and structural concerns in its takeover bid for PointsBet, while declining to declare unacceptable circumstances.

Abacus Storage King reported a 109% surge in net profit for FY25, while rejecting an initial takeover bid and entering due diligence on a revised offer. The company’s strong operating platform and strategic acquisitions underpin its growth ambitions.

Pacific Smiles Group Limited reported a sharp 75.5% drop in statutory profit for FY 2025 due to one-off takeover expenses, yet underlying profit surged 38.6% on solid revenue growth and operational improvements.

Elanor Investors Group has firmly rejected an unsolicited takeover offer from Lederer Group for its Commercial Property Fund, while progressing a strategic $125 million investment with Rockworth Capital Partners and continuing asset sales to stabilise its balance sheet.

Reef Casino Trust has received a revised $184.3 million takeover offer from Morris Group, intensifying a competitive bidding process with Iris Cairns Property. Unitholders are advised to hold off on decisions as the Independent Board Committee evaluates the proposals.

PointsBet’s board has unanimously recommended shareholders accept MIXI Australia’s increased $1.25 per share cash offer, now unconditional and representing a significant premium. MIXI holds 28.2% of PointsBet and may raise the offer further if it gains majority control.

betr Entertainment has increased its offer ratio for acquiring PointsBet shares, signaling a strategic push to secure shareholder approval at the upcoming Selective Buy-Back Meeting.

betr Entertainment has increased its all-scrip takeover offer for PointsBet shares and is seeking shareholder approval for a selective buy-back, reshaping its capital structure and voting dynamics.

Kinterra Capital GP Corp. II has extended its takeover offer for New World Resources Limited, pushing the deadline to August 22, 2025. This marks the sixth extension in the ongoing bid process.

Elanor Commercial Property Fund has received an unsolicited off-market takeover offer from the Lederer Group, prompting the formation of an Independent Board Committee to evaluate the proposal and advise securityholders.

Emu NL has lodged a formal review application against the Takeovers Panel's recent variation of orders, signaling continued regulatory tension in its takeover proceedings.