Latest Takeover News

Loyal Metals has cleared a key regulatory hurdle with ASIC registering the Scheme Booklet for its proposed A$0.45 per share acquisition by PT Bumi Resources. The Independent Expert endorses the deal as fair and reasonable, while Loyal’s board unanimously backs the scheme, setting the stage for a shareholder vote.

Steadfast Group confirms Kohlberg Kravis Roberts has joined the consortium bidding to acquire the company at $6 per share, with no change to the transaction timeline or terms.

The Federal Treasurer has barred three foreign shareholders from exercising voting rights in Northern Minerals due to non-compliance with mandated share divestments, intensifying regulatory oversight amid ongoing FIRB investigations.

GR Engineering Services confirms ongoing work on Tower Hill Gold Project but notes processing shift to King of the Hills plant following Genesis Minerals' acquisition of Vault Minerals.

The Federal Court has approved Advanced Innergy Solutions’ takeover of Matrix Composites, triggering the final steps toward Matrix’s ASX delisting by late July 2026.

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.

Energy Resources of Australia faces extended uncertainty as Zentree Investments lodges an appeal against Rio Tinto’s compulsory acquisition, prolonging ERA’s delisting and share suspension.

The Takeovers Panel President has imposed interim orders preventing Tenstar Trading Limited from selling or otherwise dealing with its shares in DGR Global Limited, maintaining the status quo amid an ongoing dispute.

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.