Latest Takeovers Panel News

A GWR shareholder has lodged an application with the Takeovers Panel alleging undisclosed control and association issues involving major nominee shareholders, raising potential breaches of the Corporations Act.

The Takeovers Panel has declined to investigate allegations against Central Asia Metals' proposed acquisition of Cygnus Metals, citing insufficient evidence and procedural prematurity. Cygnus has committed to safeguards addressing conflict of interest concerns.

The Takeovers Panel has imposed interim orders preventing Forrestania Resources from advancing its takeover bid for Zenith Minerals without Panel consent, maintaining the status quo amid ongoing disputes.

A major Zenith Minerals shareholder has lodged a formal application with the Takeovers Panel contesting Forrestania Resources’ recommended takeover bid, citing undisclosed material developments and questionable share acquisitions that may have distorted the market for control.

A Zenith Minerals shareholder has lodged an application with the Takeovers Panel, alleging Forrestania Resources failed to disclose material information around a major capital raise and acquisition, potentially misleading shareholders during its recommended takeover bid.

Frasers Group has extended the deadline for its on-market takeover bid for Accent Group shares to 30 September 2026, maintaining all other offer terms unchanged.

The Takeovers Panel has received an application alleging undisclosed associations and possible breaches of takeover laws following a massive off-market transfer of Adslot shares valued at $723,870.

Samuel Holdings has agreed not to trade its shares in DGR Global without Takeovers Panel approval, locking in its stake during ongoing proceedings sparked by Jeremy Raper's application.

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.

Frasers Group has escalated its takeover tussle for Accent Group by applying to the Takeovers Panel, disputing Accent’s claims that the offer undervalues the company and seeking orders for additional disclosure or an independent expert review.

Kore Potash has updated shareholders at its 2026 AGM that its formal sale process now involves two parties after one withdrew earlier this year. The company cautions that no offers are guaranteed.

The Takeovers Panel has directed Humm Group to cover $44,599.50 of legal costs incurred by Mr Jeremy Raper amid proceedings over shareholder disputes and misleading statements. The payment must be made within 90 days, reflecting the Panel’s finding of procedural delays and compliance failures by Humm.