Latest Takeover Offers News

Iris Cairns Property Trust has waived all remaining conditions on its $3.87 per unit takeover bid for Reef Casino Trust, securing 80.97% ownership and setting a firm 14 August close date.

Echelon Resources has finalised its divestment of Cue Energy shares, boosting cash and cutting debt, while progressing key drilling and gas supply agreements.

CZR Resources has launched a recommended takeover bid for Zuleika Gold, backed by a robust $65 million cash position and promising drilling results at its Croydon Gold Project.

Far East Gold has boosted its stake in the Idenburg Gold Project to 51%, revealing a 44% increase in inferred gold resources to 780,000 ounces. The company’s Independent Board Committee advises shareholders to reject an unsolicited takeover bid from Xingye Gold, which an expert deems undervalues the company.

A major Zenith Minerals shareholder has lodged a formal application with the Takeovers Panel contesting Forrestania Resources’ recommended takeover bid, citing undisclosed material developments and questionable share acquisitions that may have distorted the market for control.

Sena & Co, already holding 75.9% of 2 Cheap Cars, proposes a full takeover at NZ$0.80 per share, aiming to delist the company and compulsorily acquire remaining shares.

ClearView Wealth held a pivotal Scheme Meeting, securing strong shareholder backing for Zurich's $0.65-per-share acquisition offer, with the board and independent expert endorsing the deal as fair and beneficial.

Metals X reported a steady tin output at Renison with a 5.9% tin price lift boosting revenue and EBITDA despite increased costs and a marginal net cash flow dip. Capital projects and exploration advanced, while the company’s strong cash reserves underpin its growth ambitions.

Xingye Gold has intensified its push for Far East Gold shareholders to accept its unconditional takeover offer by 29 July 2026, highlighting unresolved project uncertainties and disputing Far East Gold’s own strategic disclosures.

Forrestania Resources has secured 41.74% of Zenith Minerals shares in its ongoing takeover bid, urging shareholders to accept amid no competing offers and strategic regional moves.

Frasers Group has extended the deadline for its on-market takeover bid for Accent Group shares to 30 September 2026, maintaining all other offer terms unchanged.

Ida Metal Investments has increased its stake in Zenith Minerals to just over 10% yet does not intend to accept Forrestania Resources' takeover bid. Despite this, Zenith's board continues to recommend acceptance of the offer, which requires just over 50% shareholder support to proceed.