Latest Takeover Offer News

Zenith Minerals has rejected an unsolicited $5 million capital-raising proposal from Aurenne, saying it is incomplete, difficult to implement and offers shareholders no direct consideration. The board has kept its recommendation of Forrestania Resources’ takeover offer unchanged.

Suncorp Group has rejected speculation that it is in takeover discussions with Tokio Marine after its shares climbed from $19.05 to $20.18 and trading volumes increased. The insurer told the ASX it had received no takeover offer and knew of no undisclosed information explaining the move.

Zenith Minerals more than doubled its flagship Dulcie gold resource to 675,000 ounces in FY26, but the company’s next chapter is now tied to Forrestania Resources’ conditional takeover offer. The annual report also details Takeovers Panel intervention, ongoing drilling and a cash balance of $4.23 million.

Canyon Resources has advanced construction at its Minim Martap bauxite project, but a lender’s drawdown suspension has delayed first shipment and created material uncertainty over the company’s ability to continue as a going concern. The annual report also details a recommended rejection of A2MP’s A$0.05-a-share takeover offer.

Javelin Minerals is pursuing an all-scrip takeover by FirstAU after its planned Eureka production partnership with MEGA Resources was terminated over regional processing constraints. The company reported a $2.69 million FY2026 loss, $3.92 million in cash and an auditor warning that further funding is required.

SkyCity has appointed UBS and Chapman Tripp to run a structured process exploring potential transactions and other ways to lift shareholder value, while continuing talks with two parties whose earlier approaches were rejected. The casino operator also expects major asset sale proceeds and says cost savings are tracking ahead of plan.

Warburg Pincus has lifted its non-binding proposal for Ingenia Communities to $5.25 cash per stapled security, but the revised approach remains conditional on due diligence, board support and financing. Ingenia has not recommended the offer and says no transaction is certain.

Bremworth has restored internal yarn production, cut costs and improved its inventory profile, but FY26 still ended with an NZ$11.4 million loss. The company now enters FY27 under new ownership and board dynamics, with positive operating cash flow still to be achieved.

2 Cheap Cars has opened FY27 with a sharp lift in unaudited profit and margins, even as vehicle volumes declined. The improvement arrives alongside Sena & Co’s increased NZ$0.90-per-share takeover offer, which remains conditional on reaching 90% voting control by 30 September.

CZR Resources has pushed back its shareholder meeting on the proposed Zuleika Gold acquisition and extended its takeover offer by 30 days. The offer now closes on 6 November, while its defeating conditions remain unresolved.

EQT Holdings says the indicative takeover prices from TPG Global and BGH Capital do not reflect the value of Equity Trustees, but has opened the door to improved proposals. Both parties have confirmed their prices will not be reduced by EQT's 20-cent FY26 final dividend.

Frasers Group has given shareholders four more months to accept its on-market takeover offer for Accent Group, extending the deadline to 29 January 2027. The offer price and all other terms remain unchanged.