Latest Takeover News

Dundee Precious Metals Inc. shareholders have overwhelmingly approved a key resolution and a corporate name change, clearing a major hurdle in their recommended acquisition of Adriatic Metals Plc. This milestone sets the stage for the final court sanction and subsequent integration steps.

Abacus Storage King has reported a robust FY25 with a $289 million net profit and steady distribution guidance, while advancing its growth and sustainability agenda amid ongoing takeover discussions.

Abacus Storage King reported a 109% surge in net profit for FY25, while rejecting an initial takeover bid and entering due diligence on a revised offer. The company’s strong operating platform and strategic acquisitions underpin its growth ambitions.

Pacific Smiles Group Limited reported a sharp 75.5% drop in statutory profit for FY 2025 due to one-off takeover expenses, yet underlying profit surged 38.6% on solid revenue growth and operational improvements.

Dundee Precious Metals has confirmed the court sanction hearing date for its recommended acquisition of Adriatic Metals, with key shareholder meetings scheduled and a flexible cash-share mix option offered to shareholders.

Tyro Payments has acknowledged unsolicited acquisition interest but maintains that current offers undervalue the company. The board remains open to discussions that could unlock shareholder value.

Elanor Investors Group has firmly rejected an unsolicited takeover offer from Lederer Group for its Commercial Property Fund, while progressing a strategic $125 million investment with Rockworth Capital Partners and continuing asset sales to stabilise its balance sheet.

The Takeovers Panel has issued interim orders delaying Emu NL’s requirement to issue shareholder meeting notices, maintaining the status quo as it reviews the company’s application. This move adds a layer of uncertainty around upcoming resolutions and governance changes.

The Takeovers Panel has declined to review its earlier ruling on Keybridge Capital Limited, affirming no unacceptable circumstances exist. This decision closes a regulatory chapter but leaves some questions about future governance.

Peak Rare Earths Limited shareholders are set to vote on a scheme of arrangement proposing acquisition by Shenghe Resources (Singapore) Pte. Ltd., valuing Peak at approximately A$158 million and offering a substantial premium over recent trading prices.

Reef Casino Trust has received a revised $184.3 million takeover offer from Morris Group, intensifying a competitive bidding process with Iris Cairns Property. Unitholders are advised to hold off on decisions as the Independent Board Committee evaluates the proposals.

Santos Limited has agreed to extend the exclusivity period with the XRG Consortium, allowing more time to finalize due diligence for a potential A$8.89 per share cash takeover. The extension keeps the door open for competing bids, maintaining shareholder options.