Latest Takeovers News

Zeus Resources has secured a 51% interest in the Diaguili copper-gold project in Mauritania and assumed management after completing the first tranche of its acquisition. Drilling is expected to begin during the current quarter, giving the company a near-term test of the project’s exploration case.

Bega Cheese has entered FY2027 with normalised EBITDA guidance of $240 million to $245 million after delivering a sharp improvement in FY2026 earnings. The company expects a relatively flat first half before stronger growth in the second half, supported by branded products, automation and manufacturing savings.

Accent Group reported a $13.8 million statutory loss for FY26 after a $48.6 million goodwill impairment, while underlying profit and dividends also fell. The footwear retailer is betting that store expansion, cost savings and portfolio closures can support its defence against Frasers Group’s $0.65 takeover bid.

Ingenia Communities has granted Warburg Pincus comprehensive due diligence access as the parties work towards a process deed for the proposed $5.25-per-stapled-security takeover. The proposal remains non-binding, while Ingenia continues to progress its separate Peet transaction.

Cleanaway has signed a binding scheme implementation deed for EQT Infrastructure to acquire the waste services group for approximately $9.3 billion. Shareholders are being offered $3.095 cash per share, subject to approvals and any dividends paid before completion.

RAS Technology has agreed to a $49.8 million all-cash takeover by The Press Association, giving shareholders a 93% premium to the last traded price. The deal has board and founder support, but still requires an independent expert’s endorsement, shareholder approval and Federal Court sanction.

FleetPartners has agreed to a $1.131 billion cash takeover by SG Fleet after a competitive auction lifted the offer to $5.30 per share. The deal still requires shareholder, court and regulatory approval, with completion targeted for March 2027.

New Hope has agreed to acquire the Malabar shares it does not already own in an all-scrip deal valuing Malabar at about A$1.8 billion. The transaction would give New Hope full control of the ramping Maxwell underground mine and create a coal group targeting roughly 19Mtpa of saleable production.

Reliance Worldwide Corporation’s go-shop period has ended without an alternative proposal, leaving Brookfield’s US$3.38-per-share takeover as the only deal before shareholders. The board has reaffirmed its unanimous recommendation, but the scheme still requires shareholder, Court, regulatory and expert approval.

TAL Daiichi Life Australia has tabled a conditional $11.80-per-share proposal to acquire the 79.5% of Challenger it does not already own. The approach arrives as Challenger reports a 52% jump in first-quarter sales, but remains non-binding and subject to due diligence, regulatory approval and a board recommendation.

Genetic Signatures says its existing directors will resign if BCAL nominees become a majority after the 28 October EGM. The company is also demanding clarity on whether BCAL intends to merge with GSS, pointing to the stark difference between the two companies’ cash runways.

Cleanaway has told ASX it knows of no undisclosed information behind a sharp intraday share-price fall. The company said it will provide another update on EQT’s proposed takeover before trading begins on 19 October.