Latest Takeovers News

Frasers Group has given shareholders four more months to accept its on-market takeover offer for Accent Group, extending the deadline to 29 January 2027. The offer price and all other terms remain unchanged.

Atlantic Lithium has secured Australian foreign investment approval for Zhejiang Huayou Cobalt’s proposed acquisition, removing one condition to the scheme. Shareholder, court and other regulatory approvals are still required before the transaction can complete.

Pengana International Equities has settled Supreme Court proceedings and agreed steps aimed at ending a related Takeovers Panel application, clearing a path for its buy-back and strategic reset. Antipodes will manage the portfolio under a new Board led by interim chairman Frank Gooch after the transaction.

Reliance Worldwide Corporation has signed a binding scheme implementation deed for Brookfield to acquire all shares for US$3.38 each, equivalent to about A$4.75 at the stated exchange rate. The recommended deal now enters a limited window for rival proposals before shareholder, court and regulatory approvals are sought.

European Lithium’s proposed takeover by Critical Metals Corp. can now proceed to shareholder votes, but an independent expert has warned that the share scheme is not fair, even while calling it reasonable and in shareholders’ best interests absent a superior proposal. The decisive votes are scheduled for 22 October 2026.

Cygnus Metals’ shareholder vote on Central Asia Metals’ proposed acquisition remains scheduled for 18 September, but Kazakhstan regulatory approval may arrive too late for the current court timetable. The transaction has cleared several major hurdles, while the directors continue to recommend it.

The Federal Court has given the Takeovers Panel until 30 September 2026 to decide whether to declare unacceptable circumstances in relation to DGR Global. The extension keeps the proceedings alive, but does not indicate how the Panel will rule.

A2MP Investments says it now controls 56.63% of Canyon Resources’ voting power, yet its takeover offer remains subject to two unresolved conditions. The notice does not confirm that the bid has succeeded or that the conditions will be waived.

FleetPartners has received revised takeover proposals from SG Fleet, ORIX and the Sumitomo Consortium, with ORIX and Sumitomo offering the highest disclosed price of $4.65 per share. Element has withdrawn, while the three remaining bidders receive further due diligence access, although no binding deal is assured.

EQT Infrastructure says its due diligence has not uncovered an issue likely to derail its proposed acquisition of Cleanaway, and it will not reduce the indicative offer terms. But the exclusivity period has ended without a binding implementation deed, leaving the transaction unfinished.

Atlantic Lithium has reported a year of major progress at its Ewoyaa lithium project, including Ghanaian parliamentary approval of its mining lease and a proposed US$210 million takeover by Zhejiang Huayou Cobalt. But the audited accounts also flag material uncertainty over funding if the scheme does not proceed.

A2MP Investments has declared its A$0.05 per share takeover offer for Canyon Resources best and final, with the bid set to close on 21 September unless a competing proposal emerges. The offer remains conditional and will lapse if its minimum acceptance condition is not met.