Latest Takeover Bid News

Kinterra Materials & Infrastructure Critical Opportunities Fund II has raised its takeover bid for New World Resources Limited shares to A$0.067, securing unanimous support from the NWR board and clearing the field after a rival offer withdrawal.

Fenix Resources has marked a milestone quarter with the start of mining at Beebyn-W11, joining Iron Ridge and Shine mines to push production towards 4 million tonnes annually in 2025. The company also reported record shipments and improved cost efficiency, underpinning its growth strategy in Western Australia's Mid-West.

The South African Competition Commission has approved ASPI Isotopes’ offer to acquire Renergen Limited, marking a key regulatory milestone in the ongoing takeover process.

Ramelius Resources has officially withdrawn its conditional takeover bid for Spartan Resources following court approval of a competing scheme of arrangement, setting the stage for Spartan’s shares to be acquired under the scheme.

New World Resources’ board unanimously backs Kinterra Capital’s revised $0.067 per share offer, following Central Asia Metals’ decision not to match. Shareholders face a July 24 deadline to accept the bid and secure increased value.

Abacus Storage King has received a revised non-binding acquisition proposal from a consortium including Ki Corporation and Public Storage, with due diligence now underway. Securityholders are advised to hold tight as the independent board committee explores the potential deal.

MIXI Australia Pty Ltd has initiated an all-cash off-market takeover bid for PointsBet Holdings Limited at $1.20 per share, a significant premium recommended unanimously by the PointsBet Board. The offer promises certainty of cash consideration amid competing bids and regulatory conditions.

MIXI Australia has lodged a bidder’s statement for an all-cash $1.20 per share takeover offer for PointsBet Holdings Limited, with the PointsBet Board unanimously recommending acceptance in the absence of a superior proposal.

New World Resources has unanimously recommended Central Asia Metals’ improved takeover bid, which offers a higher price and unconditional terms, setting the stage for a decisive shareholder vote.

PointsBet Holdings has received an unsolicited all-scrip takeover offer from Betr Entertainment valuing its shares at $1.03, but the board advises shareholders to hold off action while backing a superior $1.20 cash offer from MIXI.

Central Asia Metals Plc has made an unconditional all-cash offer to acquire New World Resources Limited at A$0.065 per share, a significant premium over recent prices and a superior bid to its rival. The New World board unanimously recommends shareholders accept the offer in the absence of a better proposal.

betr Entertainment has unveiled an all-scrip takeover bid for PointsBet, offering shareholders 3.81 betr shares per PointsBet share, valuing the offer above a competing cash bid and promising significant cost synergies.