Latest Takeover Bid News

Cue Energy Resources Limited’s Independent Board Committee has unanimously advised shareholders to reject Horizon Oil Limited’s off-market takeover offer, citing undervaluation and significant risks. Shareholders are urged to take no action in response to the offer.

Cue Energy Resources has lodged an application with the Takeovers Panel contesting Horizon Oil's off-market takeover bid, alleging undisclosed arrangements and anti-competitive conduct that could undermine a fair market for control.

Advanced Innergy Holdings has tabled a non-binding proposal to acquire Matrix Composites & Engineering at a substantial premium, aiming to cement its foothold in the Asia-Pacific subsea sector.

Kjerulf David Hastings Ainsworth has issued a first supplementary statement for his second off-market takeover bid targeting 5.5% of Ainsworth Game Technology shares at $1.30 each, revealing an 8.24% voting stake ahead of the offer’s close.

Kjerulf David Hastings Ainsworth has initiated a second unconditional off-market takeover bid for 5.5% of Ainsworth Game Technology shares at a significant premium, aiming to increase his stake and influence in the company.

Cue Energy Resources has advised shareholders to hold off on any action following Horizon Oil's dispatch of a Replacement Bidder’s Statement for its unsolicited takeover offer. A formal response and recommendation from Cue’s Independent Board Committee is expected by early April.

Horizon Oil has released a first supplementary and replacement bidder’s statement for its off-market takeover offer for Cue Energy, proposing a mix of cash and shares that values Cue at a 10-14% premium. The deal aims to create a diversified oil and gas producer across Asia-Pacific with significant synergies.

The Takeovers Panel has declared unacceptable circumstances in Humm Group's handling of Credit Corp's takeover proposal, citing misleading disclosures and insider share acquisitions that cloud market fairness.

Kjerulf David Hastings Ainsworth has initiated a second proportional takeover bid for 5.5% of Ainsworth Game Technology shares at $1.30 each, offering shareholders a significant premium and cash certainty. The move underscores Ainsworth’s belief that AGI remains undervalued amid a low likelihood of competing bids.

Champion Iron Limited has reached a key milestone by securing acceptances from over 90% of Rana Gruber shareholders for its voluntary cash offer, paving the way for full ownership and compulsory acquisition under Norwegian law.

Kjerulf Ainsworth has launched a proportional all-cash takeover bid for 5.5% of Ainsworth Game Technology shares at a notable premium, aiming to provide liquidity and value to shareholders.

Li-FT Power has satisfied a critical condition precedent in its proposed acquisition of Winsome Resources, advancing the lithium explorer's path to consolidation. The deal hinges now on shareholder and court approvals.