Latest Takeovers News

Zuleika Gold recommends shareholders accept CZR Resources’ off-market takeover offer, which values Zuleika’s mineral assets at a preferred $6.1 million. The independent expert deems the offer not fair but reasonable.

CZR Resources Ltd (ASX:CZR) has launched an all-scrip off-market takeover bid for Zuleika Gold Limited (ASX:ZAG), offering 0.1742 CZR shares per Zuleika share, valuing Zuleika at approximately $44.8 million and representing a premium of over 40% to recent prices.

Cleanaway Waste Management reported a 13.5% revenue increase and 14.2% underlying EBIT growth in FY26 despite a statutory profit drop, advancing its Blueprint 2030 2.0 strategy and facing a $9.4 billion takeover bid.

Loyal Metals (ASX:LLM) schedules a key court hearing on 24 August to approve PT Bumi Resources’ A$79 million takeover scheme, with most conditions including shareholder approval and project acquisitions progressing smoothly.

Energy Fuels’ acquisition of Australian Strategic Materials (ASM) has officially closed following Federal Court approval, triggering suspension of ASM trading and setting the stage for shareholder payments and new listings.

Energy One (ASX:EOL) reported a strong FY26 with 14% revenue growth and 38% profit rise, announcing a transformative $99.8 million all-scrip acquisition of Gas Management Services Limited (GMSL) that will deepen its European footprint and bring Fluxys onboard as a major shareholder.

Carlton Investments lifted its profit by 6.1% to $41.18 million for FY2026, boosted by higher dividends, even as its equity portfolio value fell 6.2%. The company declared a final dividend increase including a special payout amid ongoing market volatility.

Zenith Minerals and Forrestania Resources have amended their takeover implementation deed, updating key terms including offer conditions, board changes, and break fees as Forrestania pursues control.

Forrestania Resources and Zenith Minerals have formalised an amended takeover implementation deed, setting out detailed terms for Forrestania's bid including offer ratios, board changes, and break fees.

EQT Holdings has received a nonbinding takeover proposal from TPG Global valuing the company at A$24.55 per share. The offer hinges on multiple conditions including due diligence, regulatory approvals, and board endorsement.

AuKing Mining is set to acquire Green Exploration Limited, gaining full ownership of multiple Malawian projects rich in rare earths and copper, including the Machinga Heavy Rare Earths and Ngala Hill Copper/PGE assets.

Andel Resources has exercised its option to enter a binding Right to Mine Agreement with Reach Resources, committing to fully fund mining and processing at the Murchison South Gold Project in Western Australia.