Latest Takeovers Panel News

Quinbrook Asset Management has lodged a review application challenging a recent Takeovers Panel decision involving Kingsland Minerals. The Panel President has approved the application, but no review Panel has been formed yet.

The Takeovers Panel has declined Humm Group’s request to swap its independent board committee chair, citing concerns over undisclosed conflicts and procedural missteps.

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.

Diamond Infraco has increased its takeover bid for Atlas Arteria to A$5.10 per security, marking a 17.78% premium over pre-offer prices and declaring the offer unconditional except for prescribed occurrences. The bidder urges securityholders to accept or sell on-market before the June 25 deadline.

Quinbrook Asset Management has lodged an application with the Takeovers Panel alleging undisclosed associations and breaches of funding consultation obligations at Kingsland Minerals. The dispute centers on a contested term sheet for acquiring exploration licences from Bacchus Resources.

The Takeovers Panel has declined to investigate Skin Elements Limited's allegations of undisclosed investor associations following a $2.5 million placement, after 62 Capital agreed to waive transfer restrictions on placement securities.

Skin Elements Limited has lodged an application with the Takeovers Panel alleging undisclosed voting power exceeding 20% via a private placement, raising questions about shareholder rights ahead of critical board spill meetings.

The Takeovers Panel has refused to proceed with a disclosure dispute application related to Atlas Arteria’s off-market takeover bid and its handling of a right of first offer notice for the Chicago Skyway asset.

The Takeovers Panel has declined to find unacceptable circumstances in Diamond Infraco’s bid for Atlas Arteria, accepting ASIC relief and an undertaking that address concerns over the conditional price increase mechanism.

Humm Group reported a 5.1% rise in average assets under management to $5.4 billion in 3Q26, despite lower loan originations and ongoing corporate irregular costs. Credit quality remains stable as the company navigates macroeconomic headwinds and strategic product transitions.

Atlas Arteria reported a resilient 2025 with 9.3% EBITDA growth and steady toll revenue, while its Board unanimously urged investors to reject IFM’s unsolicited takeover offer, citing undervaluation and onerous conditions.

Diamond Infraco, backed by IFM Global Infrastructure Fund, has lodged a Takeovers Panel application alleging material disclosure deficiencies in Atlas Arteria's takeover bid documents, centering on governance rights tied to the Chicago Skyway asset.