Latest Takeover Offer 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.

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.

betr Entertainment Limited has declared its off-market takeover offer for PointsBet Holdings Limited unconditional following key shareholder approvals, setting the stage for the offer’s scheduled close on 25 September 2025.

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.

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.

Ainsworth Game Technology’s Independent Board Committee has unanimously recommended shareholders accept Novomatic AG’s unconditional $1.00 per share cash takeover offer, supported by an independent expert’s report deeming the offer fair and reasonable.

LDR Assets has completed dispatching its replacement bidder’s statement and offer for the Elanor Commercial Property Fund takeover, marking a crucial procedural milestone in the bid process.