Latest Takeover News

Johns Lyng Group has received a conditional, non-binding acquisition proposal from Pacific Equity Partners, sparking a potential shift in ownership with key management poised to retain stakes. The company has granted exclusivity for due diligence, setting the stage for a possible binding offer.

FinTech HQ Pty Ltd, the second largest shareholder in NSX Limited, has declared its intention to support the proposed acquisition by the Canadian Securities Exchange, pending no better offers emerge.

Hutchison Telecommunications (Australia) Limited (HTAL) has recommended shareholders accept an off-market takeover bid by majority owner HTABV, offering a significant premium over recent trading prices. Independent experts affirm the offer as fair and reasonable, setting the stage for a potential full acquisition.

The Takeovers Panel has imposed interim orders restricting key parties from dealing with shares in Mayfield Childcare Limited, signaling regulatory scrutiny over the company's affairs.

Hutchison Telecommunications (Amsterdam) B.V. has initiated an off-market takeover offer for the remaining shares of Hutchison Telecommunications (Australia) Limited at a 52% premium, aiming to delist HTAL from the ASX.

Donaco International has updated the timeline for its acquisition by On Nut Road Limited, pushing key dates into August due to valuation and legal review delays. Shareholders await the next steps in this protracted takeover process.

Spartan Resources Limited shareholders are set to vote on a scheme of arrangement for Ramelius Resources Limited to acquire all Spartan shares, creating a leading Australian gold producer with a pro forma market capitalization of $5.3 billion.

Elph Investments has raised and finalised its off-market takeover bid for Engenco Limited shares at $0.31 per share, applying to all shareholders including those who already accepted. This move signals a decisive step in the ongoing acquisition process.

Keybridge Capital has lodged a formal complaint with the Takeovers Panel, alleging improper dilution of its voting power in Yowie Group via the HHY Fund ahead of a pivotal shareholder meeting.

Metals X Limited has announced a pre-conditional voluntary cash partial offer to acquire up to 28% of Greentech Technology International Limited at HK$0.35 per share, aiming to increase its stake in the joint venture behind the Renison Tin Mine. The offer follows Greentech's failure to meet pre-conditions for a full takeover and comes amid ongoing trading suspension and delayed financial results.

PointsBet has secured a significantly improved acquisition proposal from MIXI, lifting the cash offer by 13.2% to $1.20 per share and postponing the shareholder vote to June 25. The move intensifies the takeover battle amid ongoing regulatory approvals and a rival bid from Betr Entertainment.

Babylon Pump & Power Limited (ASX – BPP) announces transformational acquisitions of Blue Hire and Matrix Hydro Services, significantly expanding its equipment rental and water management capabilities. The company is funding this growth through a $3.5 million entitlement offer and a $21.2 million debt facility, targeting a doubling of EBITDA by FY26.