Latest Takeovers News

Iris Cairns Property Trust has secured over 80% of Reef Casino Trust units, making its $3.87 per unit takeover offer unconditional and setting a firm 14 August deadline without extension.

De.mem Limited is poised for a record 2026, driven by 29 consecutive quarters of cash receipts growth, positive operating cashflow, and strategic expansion into the gold mining sector through Core Chemicals.

A GWR shareholder has lodged an application with the Takeovers Panel alleging undisclosed control and association issues involving major nominee shareholders, raising potential breaches of the Corporations Act.

Iris Cairns Property Trust has waived all remaining conditions on its $3.87 per unit takeover bid for Reef Casino Trust, securing 80.97% ownership and setting a firm 14 August close date.

Cygnus Metals has lodged its draft scheme booklet with ASIC, moving closer to a planned acquisition by Central Asia Metals. Regulatory approvals in North Macedonia are complete, with Kazakhstan clearance still pending.

The Takeovers Panel has declined to investigate allegations against Central Asia Metals' proposed acquisition of Cygnus Metals, citing insufficient evidence and procedural prematurity. Cygnus has committed to safeguards addressing conflict of interest concerns.

Austral Resources Australia Ltd has lodged a binding proposal to acquire Hammer Metals, offering a 29.9% premium over a rival bid and proposing a SpinCo demerger of Hammer's WA gold assets. The deal would create a larger, more diversified Queensland copper producer with operational synergies and enhanced exploration potential.

The Takeovers Panel has imposed interim orders preventing Forrestania Resources from advancing its takeover bid for Zenith Minerals without Panel consent, maintaining the status quo amid ongoing disputes.

Venus Metals Corporation (ASX:VMC) has fortified its balance sheet with a $47 million sale of its Youanmi Gold Project royalty, rebuffed a hostile takeover, and set in motion significant shareholder returns including a $35 million cash dividend.

Basin Energy’s maiden drilling at Newmans confirms a thick, shallow rare earth oxide corridor, validating a key exploration model and expanding its Queensland footprint. Meanwhile, the sale of its Canadian uranium project progresses with strategic upside retained.

Comet Ridge has raised $40 million through a placement and $875,750 via a share purchase plan to fund the acquisition of Santos’ remaining stake in the Mahalo Gas Project and progress development activities.

Echelon Resources has finalised its divestment of Cue Energy shares, boosting cash and cutting debt, while progressing key drilling and gas supply agreements.