Latest Takeovers News

CZR Resources shareholders have rejected both approvals needed for the company to acquire Zuleika Gold shares from two major holders, while backing a proposed share buy-back. The vote leaves the broader takeover’s immediate status unclear.

Genetic Signatures has added a new AGM resolution seeking approval to issue up to 340.7 million shares and 129.7 million options under its proposed Microba merger. The all-scrip transaction remains non-binding and subject to further shareholder, court, regulatory and due diligence conditions.

oOh!media’s proposed $1.68-per-share takeover by I Squared Capital has cleared the New Zealand Overseas Investment Office, removing one condition to the scheme. FIRB approval, shareholder approval and court sanction remain outstanding before the transaction can proceed.

Steadfast Group’s proposed takeover has cleared a key procedural hurdle, with the Supreme Court of New South Wales approving the shareholder meeting and distribution of the Scheme Booklet. An independent expert says the deal is in shareholders’ best interests in the absence of a superior proposal.

Reef Casino Trust’s independent directors have unanimously recommended Iris Capital’s $4.67-per-unit takeover offer, supported by an expert valuation that puts the bid above RCT’s assessed control value. Iris already held a 96.33% relevant interest as at 21 October, leaving the offer just below the stated compulsory acquisition threshold.

Crimson Consulting Australia has declared its A$0.75-a-share cash offer for Kip McGrath Education Centres final, while extending the bid to 4 November and accelerating payment for accepting shareholders. The bidder now has an 82.07% relevant interest in Kip McGrath.

The Takeovers Panel has declined to examine a challenge to Zenith Minerals’ handling of Aurenne’s proposed $5 million funding, removing one regulatory obstacle to Forrestania Resources’ recommended takeover. The Panel said there was no reasonable prospect of declaring unacceptable circumstances, but detailed reasons are still to come.

Swoop Holdings has agreed to sell its Sydney-based Fibre assets to Xenith for approximately $4.5 million, extending a portfolio simplification drive aimed at reducing debt. Completion remains subject to FIRB approval and other conditions, with settlement expected in Q3 FY27.

Peet delivered record FY26 earnings as its proposed sale to Ingenia moves through the approval process. Profit rose 77% to $103.4 million, while contracts on hand climbed to $850.7 million and the fully franked dividend increased to 13 cents per share.

Cleanaway has reaffirmed FY27 underlying EBIT guidance of $500 million to $530 million as its proposed EQT Infrastructure takeover moves into the approval process. The AGM also disclosed a second strike against the remuneration report, alongside sharply reduced executive incentive outcomes and continued scrutiny of safety and cash conversion.

European Lithium has set the exchange ratio for its proposed merger with Critical Metals Corp. at 0.045 CRML shares for each EUR share, after CRML’s reference price fell at or below the deal’s US$8 floor. Securityholders vote on the schemes tomorrow, with court approval and other conditions still outstanding.

EQT Holdings delivered strong growth from its continuing businesses in FY26, but a superannuation exit, litigation and takeover uncertainty left group profit and dividends lower. The company says discussions with BGH Capital and TPG Global remain open, while targeting completion of the superannuation exit by the end of 2027.