Latest Takeover Offers News

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.

Echelon Resources has crystallised A$15.7 million in cash from selling nearly 140 million Cue Energy shares to Horizon Oil, using the proceeds primarily to reduce debt and solidify its financial position.

Horizon Oil has completed a significant step in its takeover of Cue Energy by acquiring nearly 20% of shares through a pre-bid agreement, pushing its total ownership to just over 57%.

CZR Resources (ASX:CZR) has launched a recommended all-scrip takeover bid for Zuleika Gold (ASX:ZAG), valuing the company at $44.8 million and offering a significant premium to Zuleika shareholders.

IFM Investors' subsidiary Diamond Infraco has extended its takeover offer for Atlas Arteria by 14 days after crossing a 50% voting power threshold. The independent directors are reviewing their response ahead of a supplementary statement due next week.

ClearView Wealth has lodged its Scheme Booklet with ASIC, outlining Zurich's $0.65-per-share takeover offer and setting the stage for a pivotal shareholder vote on 27 July 2026.

IFM Global Infrastructure Fund has increased its holding in Atlas Arteria to over 40%, maintaining a final takeover offer of A$5.10 per security. Meanwhile, Atlas Arteria's independent directors continue to recommend rejecting the bid, targeting higher distributions and exploring asset sales including the Warnow Tunnel.

Reef Casino Trust projects a 6.83 cents per unit distribution for the first half of 2026, reflecting steady profitability amid ongoing takeover bid conditions.

Atlas Arteria has lodged its fourth supplementary target’s statement, reiterating its rejection of IFM’s $5.10 per security takeover offer, citing undervaluation and highlighting IFM’s capacity to pay more.