Latest Takeovers Panel News

The Takeovers Panel has declined Atlas Arteria’s bid to block Diamond Infraco from dispatching its takeover Bidder’s Statement, prolonging uncertainty over the contested offer.

Humm Group has been named as a defendant in a High Court challenge by major shareholder Andrew Abercrombie, contesting the Takeovers Panel's voting restriction orders that could reshape shareholder control ahead of a key EGM.

Horizon Oil has crossed the crucial 50.1% acceptance threshold in its off-market bid for Cue Energy, removing a key condition from the offer. Meanwhile, the Mereenie joint venture suspends planned drilling after gas sales talks with Northern Territory’s Power and Water Corporation expire.

The Takeovers Panel has temporarily stayed its previous orders against Humm Group Limited following a review application by Mr Andrew Abercrombie. The interim measure preserves the status quo while the review is underway, delaying enforcement of the initial rulings.

The Takeovers Panel has issued final orders against Humm Group Limited following misleading statements about a Credit Corp takeover proposal and improper share acquisitions by a major shareholder. The Panel mandates corrective disclosure and divestment of shares to restore market integrity.

Echelon Resources Limited has agreed to postpone accepting Horizon Oil Limited's off-market takeover bid for Cue Energy Resources Limited shares it controls, excluding those under a pre-bid agreement, until 13 April 2026.

Identitii Limited has secured $200,000 through a placement of approximately 28.57 million shares at $0.007 each to existing shareholders, including Cameron Beavis, to address short-term funding needs while adhering to Takeovers Panel orders related to its Rights Issue.

Cue Energy Resources has lodged an application with the Takeovers Panel contesting Horizon Oil's off-market takeover bid, alleging undisclosed arrangements and anti-competitive conduct that could undermine a fair market for control.

The Takeovers Panel has received a formal review application challenging its recent decision on Humm Group Limited, signaling potential further scrutiny of the corporate governance dispute.

The Takeovers Panel has declared unacceptable circumstances in Humm Group's handling of Credit Corp's takeover proposal, citing misleading disclosures and insider share acquisitions that cloud market fairness.

Humm Group has appointed CEO Angelo Demasi as Managing Director, reinforcing governance and leadership alignment amid ongoing transformation efforts.

Kjerulf David Hastings Ainsworth has initiated a second proportional takeover bid for 5.5% of Ainsworth Game Technology shares at $1.30 each, offering shareholders a significant premium and cash certainty. The move underscores Ainsworth’s belief that AGI remains undervalued amid a low likelihood of competing bids.