Latest Takeover Offers News

Reef Casino Trust has issued a second supplementary target’s statement as the takeover bid by Iris Cairns Property Pty Ltd extends to August 2026 due to delayed casino licensing approvals. The board maintains its recommendation for unitholders to accept the offer, pending regulatory outcomes and expert advice.

Echelon Resources has agreed to sell its 19.99% stake in Cue Energy to Horizon Oil and plans to accept Horizon’s takeover offer for the remaining shares, pending regulatory approvals.

Horizon Oil has made a strategic move to acquire the remaining shares of Cue Energy Resources with an offer valuing Cue shares at approximately 14.3 cents each, representing a notable premium. This bid aims to create a larger, more diversified oil and gas entity with potential annual synergies of up to A$2 million.

Reef Casino Trust has reported a 4.8% increase in revenue and a 6.4% rise in net profit for 2025, supported by strong casino and hotel performance. Meanwhile, a takeover bid at $3.87 per unit is underway, backed by major unitholders and recommended by the board.

National Storage REIT has reported a robust half-year performance with rising earnings and a significant takeover proposal offering a 26.5% premium to shareholders.

DGR Global has confirmed its support for Jiangxi Copper’s acquisition offer for SolGold, endorsing the 28 pence per share bid ahead of the upcoming shareholder vote.

Iris Cairns Property Trust has confirmed new funding arrangements and plans to extend its takeover offer period for Reef Casino Trust, navigating regulatory hurdles and reassuring investors of its financial backing.

Embark Early Education has removed major hurdles from its off-market takeover bid for Mayfield Childcare, signalling stronger momentum towards acquisition.

Ainsworth Game Technology reveals a significant $43.1 million goodwill impairment tied to its North American operations, alongside other one-off losses, tempering its FY25 profit outlook.

DGR Global has clarified its board's stance on Jiangxi Copper's takeover offer for SolGold, deeming it significantly undervalued. The company’s final voting position remains undecided ahead of the critical SolGold shareholder meeting.

Mayfield Childcare Limited reported stable revenue and improved profitability in Q4 FY25, outpacing peers in occupancy growth while rejecting a takeover offer from Embark Early Education.

Venus Metals Corporation progresses its Sandstone Bellchambers gold project with a new mining lease and exploration targets, while extending its Bridgetown JV farm-in and navigating an unsolicited takeover offer.