Latest Takeover News

Vonex Limited reports solid operational improvements and customer satisfaction in Q2 FY25, while endorsing Maxo Telecommunications’ takeover offer and planning a $13 million capital raise to manage debt.

Powerhouse Ventures Limited reports a robust quarterly performance with a notable uplift in net tangible assets to 10.4 cents per share, driven by strategic acquisitions and active investment management.

Insignia Financial has received a second revised indicative proposal from Bain Capital to acquire the company at A$4.60 per share, matching a rival bid and signaling a competitive acquisition process.

Latin Resources Limited will be suspended from ASX trading following court approval of its acquisition by Pilbara Minerals Limited, marking a significant consolidation in the Australian minerals sector.

Latin Resources Limited has secured Supreme Court approval for its acquisition by Pilbara Minerals, setting the stage for a significant consolidation in the Australian mining sector.

Emmerson Resources has formed a strategic alliance with CuFe and Tennant Minerals to explore a multi-user processing facility at Tennant Creek, while advancing a 5,000m drilling program and securing funding to support growth through 2026.

Charter Hall Wholesale Management Limited has secured majority control of Hotel Property Investments (HPI) with a 63.7% voting stake and the HPI board now recommends acceptance of the all-cash takeover offer valued at $3.752 per security.

Close the Loop Limited has concluded its exclusivity period with Adamantem Capital without signing binding transaction documents, leaving the potential acquisition uncertain. Shareholders are advised to await further updates as discussions remain open but no deal is confirmed.

Beam Dental Bidco Pty Ltd has extended its off-market takeover offer for Pacific Smiles Group Limited, pushing the closing date to January 30, 2025. This extension signals ongoing negotiations and a potentially protracted acquisition process.

Vonex Limited has terminated its proposed scheme with Maxo Telecommunications amid shareholder opposition, while MaxoTel’s 4.4c cash offer will close on January 28, 2025. The Vonex Board recommends shareholders accept MaxoTel’s offer and reject Swoop Telecommunications’ conditional scrip bid.

Mirrabooka Investments Limited reported steady half-year profits with a portfolio return of 11.5%, comfortably outperforming its benchmark. The company raised its interim dividend by 12.5%, reflecting confidence in its small and mid-cap investment strategy despite cautious market conditions.

AUCyber Limited reveals a challenging half-year with a $1.6 million EBITDA loss on $12.2 million revenue, alongside operational setbacks and a rejected takeover bid from 5GN Networks.