Latest Takeover News

Cue Energy Resources has advised shareholders to hold off on any action following Horizon Oil's dispatch of a Replacement Bidder’s Statement for its unsolicited takeover offer. A formal response and recommendation from Cue’s Independent Board Committee is expected by early April.

Horizon Oil has released a first supplementary and replacement bidder’s statement for its off-market takeover offer for Cue Energy, proposing a mix of cash and shares that values Cue at a 10-14% premium. The deal aims to create a diversified oil and gas producer across Asia-Pacific with significant synergies.

Magnetic Resources NL is set to be acquired by Genesis Minerals Limited, with outstanding options cancelled for cash following an ASX waiver. Performance rights will vest and be exercised prior to the scheme’s record date.

The Takeovers Panel has declared unacceptable circumstances in Humm Group's handling of Credit Corp's takeover proposal, citing misleading disclosures and insider share acquisitions that cloud market fairness.

National Storage REIT has dispatched the crucial Scheme Booklet to securityholders detailing the all-cash acquisition offer by a Brookfield and GIC consortium, setting the stage for the upcoming vote on 15 April 2026.

Saferoads Holdings Limited is initiating a buy-back of unmarketable share parcels under $500, offering shareholders a simple, cost-free exit at $0.10 per share. Shareholders must opt out by 30 April to retain their holdings.

Metro Performance Glass reports solid operational gains and a stronger balance sheet amid ongoing construction market challenges, though revenue falls short of earlier forecasts.

Humm Group has appointed CEO Angelo Demasi as Managing Director, reinforcing governance and leadership alignment amid ongoing transformation efforts.

Kjerulf David Hastings Ainsworth has initiated a second proportional takeover bid for 5.5% of Ainsworth Game Technology shares at $1.30 each, offering shareholders a significant premium and cash certainty. The move underscores Ainsworth’s belief that AGI remains undervalued amid a low likelihood of competing bids.

Champion Iron Limited has reached a key milestone by securing acceptances from over 90% of Rana Gruber shareholders for its voluntary cash offer, paving the way for full ownership and compulsory acquisition under Norwegian law.

Magnetic Resource NL has significantly increased the underground production target for its Lady Julie Gold Project, extending mine life and improving production rates in a new scoping study update.

Kjerulf Ainsworth has launched a proportional all-cash takeover bid for 5.5% of Ainsworth Game Technology shares at a notable premium, aiming to provide liquidity and value to shareholders.