Latest Takeover Contest News

AVID Property Group has matched Warburg Pincus’s latest $5.45-per-security proposal for Ingenia, with the potential total value reaching $5.50 including a permitted distribution. Ingenia’s board has ended Warburg’s due diligence access but continues to progress its proposed Peet acquisition and has not recommended AVID’s non-binding approach.

Warburg Pincus has raised its non-binding proposal for Ingenia to $5.45 per stapled security, potentially delivering up to $5.50 including a permitted distribution. The increase has triggered AVID Property Group’s right to match or exceed the offer, while Ingenia’s Peet transaction remains in force.

The Takeovers Panel has ordered the forced sale of a substantial parcel of DGR Global shares after finding undisclosed associations and takeover-law breaches pushed related parties’ voting power as high as 45.43%. The orders also open the way for a takeover bid or scheme while imposing new controls on DGR’s board and major shareholders.

Ingenia Communities has received an unsolicited $5.35-per-security cash proposal from AVID Property Group, with a potential total value of $5.40 including a permitted distribution. The approach has secured six weeks of soft exclusivity, but remains non-binding and has not displaced Ingenia’s proposed Peet acquisition.

FleetPartners has agreed to a $1.131 billion cash takeover by SG Fleet after a competitive auction lifted the offer to $5.30 per share. The deal still requires shareholder, court and regulatory approval, with completion targeted for March 2027.

FleetPartners has received revised takeover proposals from SG Fleet, ORIX and the Sumitomo Consortium, with ORIX and Sumitomo offering the highest disclosed price of $4.65 per share. Element has withdrawn, while the three remaining bidders receive further due diligence access, although no binding deal is assured.

An application to the Takeovers Panel challenges the integrity of A2MP's takeover bid for Canyon Resources, citing misleading statements and undisclosed shareholder dealings amid project financing uncertainty.

FleetPartners has received a fresh non-binding offer from a Sumitomo-led consortium valuing the company at $3.85 per share, joining a competitive field of bidders vying for control.

Hammer Metals has agreed to be acquired by Larvotto Resources in a $61.2 million scheme that includes a demerger of its WA gold assets, while facing a higher non-binding $80.7 million proposal from Austral Resources. The board backs Larvotto’s offer pending independent expert approval, as drilling at Kalman advances resource confidence.

The Takeovers Panel has issued final orders against Humm Group Limited following misleading statements about a Credit Corp takeover proposal and improper share acquisitions by a major shareholder. The Panel mandates corrective disclosure and divestment of shares to restore market integrity.

The Takeovers Panel has approved a key variation to betr Entertainment’s undertaking, removing shareholder approval hurdles for MIXI Australia’s participation in a selective share buy-back tied to its competing bid for PointsBet.

The Takeovers Panel has declined to intervene in PointsBet’s issuance of over 10 million new shares during a fierce takeover contest, affirming the board’s discretion amid competing bids from betr and MIXI Australia.