Latest Takeover Offer News

Regis Resources has declined to counter Genesis Minerals' superior takeover proposal for Vault Minerals, triggering an expected termination of the merger agreement and a $50.7 million break fee payment to Regis.

Sena & Co Limited has launched a conditional full takeover offer for the remaining shares of 2 Cheap Cars Group Limited, aiming to increase its stake from 75.9% to at least 90%. The NZ$0.80 per share cash offer comes with plans to delist 2CC and maintain current operations.

Norwest Minerals is raising $1.89 million through a partly underwritten 1-for-4 entitlement offer priced at $0.007 per share to fund key stages of its Bulgera Heap Leach Scoping Study and secure solvency for FY2026. The offer is supported by director and major shareholder commitments and opens to eligible shareholders on 21 July 2026.

Xingye Gold has increased its takeover bid for Far East Gold to $0.15 per share, conditional on securing majority ownership by 21 July 2026, and extended the offer period to 29 July. The improved price offers a significant premium amid ongoing project and financial risks at Far East Gold.

IFM Global Infrastructure Fund has closed its takeover offer for Atlas Arteria, acquiring a 67.43% voting stake. The company’s chair has retired, prompting an interim appointment and an accelerated search for a new independent chair.

Zenith Minerals has reaffirmed its board's unanimous recommendation for shareholders to accept Forrestania Resources' off-market takeover offer, which includes a premium valuation and follows Forrestania's recent $310 million capital raising and strategic acquisition of the Edna May Gold Hub.

Forrestania Resources has extended its takeover offer for Zenith Minerals shares to 31 July 2026 following a binding agreement to acquire the Edna May Gold Project for A$300 million, backed by a $310 million capital raising.

Frasers Group has escalated its takeover tussle for Accent Group by applying to the Takeovers Panel, disputing Accent’s claims that the offer undervalues the company and seeking orders for additional disclosure or an independent expert review.

Echelon Resources has finalised its exit from Cue Energy Resources following Horizon Oil's takeover, converting its Cue shares into cash and Horizon stock while cutting debt.

Atlas Arteria has lodged its seventh supplementary target’s statement, reinforcing the Independent Directors’ unanimous recommendation to reject IFM Global Infrastructure Fund’s takeover offer. The statement highlights the strategic rationale behind settling a US$100 million put option with Ontario Teachers’ Pension Plan and outlines risks tied to IFM’s majority ownership.

IFM Global Infrastructure Fund has increased its holding in Atlas Arteria to over 57%, urging shareholders to accept its unconditional A$5.10 per security takeover offer before it closes on 7 July 2026. The bidder objects to Atlas Arteria's recent US$100 million settlement to Ontario Teachers’ Pension Plan and plans a strategic review post-acquisition.

Atlas Arteria extinguishes a US$100 million put option with Ontario Teachers’ Pension Plan, pauses Chicago Skyway sale, and faces a dismissed Dulles Greenway rate case with potential appeal.