Latest Takeover Bids News

Reef Casino Trust (ASX, RCT) has received a recommended off-market takeover offer from Iris Cairns Property Pty Ltd at $3.87 per unit, representing a significant premium over recent trading prices. The independent expert affirms the offer as fair and reasonable, with major unitholders supporting the bid subject to regulatory approvals.

Elanor Commercial Property Fund’s Independent Board Committee unanimously recommends rejecting Lederer’s unsolicited $0.70 per security takeover bid, supported by an Independent Expert’s report deeming the offer neither fair nor reasonable.

Eildon Capital Group has received an off-market takeover bid from Samuel Asset Management at $0.80 per security. The company’s independent board committee advises securityholders to take no immediate action while they assess the offer.

TT Investments has launched an unconditional off-market takeover offer for all remaining securities in 360 Capital Group at $0.31 per security, marking a decisive move to consolidate control.

An application to the Takeovers Panel challenges Duxton Farms’ recent merger and share placement, alleging undisclosed associations and potential breaches of takeover laws by major shareholders.

Elanor Commercial Property Fund has reaffirmed its FY26 distribution guidance while urging securityholders to reject a takeover offer it deems undervalued and opportunistic.

TT Investments has increased its unconditional takeover offer for 360 Capital Group securities to $0.31 per security, marking a best and final bid. Meanwhile, 360 Capital's Independent Board Committee advises securityholders to hold off on any action pending an expert review.

TT Investments has increased its takeover bid for 360 Capital Group securities to $0.31 per share, marking its best and final offer amid a firm hold on majority ownership.

Peak Rare Earths Limited shareholders are set to vote on Shenghe Resources’ $195 million acquisition offer, which includes a 32% premium over recent share prices. Despite a higher unsolicited bid from GICP, the board recommends accepting Shenghe’s proposal.

betr Entertainment has issued its fourth supplementary bidder’s statement, addressing PointsBet’s recent assertions and confirming key financial consents and cash flow positions amid its ongoing takeover offer.

360 Capital Group has received an unconditional $0.30 per security takeover offer from TT Investments, prompting the formation of an Independent Board Committee to evaluate the bid and advise securityholders.

TT Investments, led by Executive Chairman Tony Pitt, has initiated an unconditional off-market takeover offer for 360 Capital Group at $0.30 per security, representing a substantial premium to historical trading prices. The bid aims to consolidate control and may lead to delisting if ownership thresholds are met.