Latest Takeover News

The Australian Competition and Consumer Commission has signalled no objection to Rubik Australia's full acquisition of Qube Holdings, paving the way for the scheme's next legal and regulatory steps. The Qube board also plans a fully franked special dividend, contingent on scheme approval.

Horizon Oil has removed the final hurdle in its Cue Energy takeover, declaring the offer unconditional and speeding up payment to shareholders.

Diamond Infraco’s takeover bid for Atlas Arteria remains fixed at A$5.10 per security and is now unconditional, urging securityholders to act before the June 25 closing date amid lingering asset sale uncertainties.

Toro Energy’s takeover by IsoEnergy has officially become effective following Federal Court approval, setting key dates for share trading suspension and scheme implementation.

Atlas Arteria’s Independent Directors maintain a unanimous rejection of IFM’s $5.10 per security takeover bid, citing undervaluation and insufficient control premium. The company reiterates its 2026 distribution guidance and confirms active asset sale discussions, including Chicago Skyway.

Qube Holdings shareholders convened to endorse a $5.20 per share acquisition scheme by Rubik Australia, valuing the logistics firm at $9.3 billion equity and $11.7 billion enterprise value. The deal awaits key regulatory approvals and a rescheduled court hearing before implementation.

Qube Holdings has postponed its second court hearing for the $5.20-per-share takeover by Rubik Australia, awaiting key regulatory approvals. The company plans to proceed with shareholder meetings and intends to pay a fully franked special dividend if the scheme proceeds.

Emmerson Resources shareholders have overwhelmingly approved Pan African Resources’ takeover scheme, clearing a key hurdle ahead of court approval and scheme implementation slated for July.

The Federal Court of Australia has approved IsoEnergy's acquisition of Toro Energy, setting the stage for Toro's shares to be suspended and the deal to complete later this month.

Elders Limited has secured final regulatory approvals from FIRB and ACCC to complete the sale of Killara Feedlot to Australian Meat Group, with transaction completion anticipated by the end of June.

Frasers Group has initiated an unconditional on-market takeover bid for Accent Group at $0.65 per share, aiming to increase its stake beyond 22.9% amid concerns over Accent’s recent financial performance and strategic direction.

Strata Investment Holdings has dismissed a cash acquisition proposal from Freedom BidCo, citing undervaluation, even as it raises A$8 million to fund strategic investments and litigation.