SYDNEY: Rio Tinto has agreed to acquire the Aurukun Bauxite Project in Western Cape York, Queensland, from a joint venture between London-listed Glencore and Mitsubishi Development, a company spokesperson said Tuesday. Financial terms were not disclosed. The deal remains subject to Queensland…
MELBOURNE: Elixinol Wellness Ltd. has completed the sale of its United States business to Ananda Health, Inc., the company announced Monday, as it sharpens focus on its Australian health and wellness portfolio. The transaction, which closed Sept. 4, provides for total consideration of…
MELBOURNE: Neurizon Therapeutics Ltd., a late-stage biotechnology company focused on neurodegenerative diseases, has appointed Dr. Chris Bremer as chief executive officer, effective Oct. 1. Bremer, who holds an M.D., Ph.D. and MBA, brings more than 20 years of international pharmaceutical and biotechnology…
PERTH: First Au Limited has entered a binding agreement to acquire the Sandstone Gold Project in Western Australia, a move that gives the company access to substantial historical drilling data and an accelerated pathway to defining a maiden mineral resource. The acquisition…
AUCKLAND: Bremworth Limited (NZX: BRW) said Thursday that Mangawhai Collective Limited has formally launched a partial takeover offer seeking to acquire 43.94% of Bremworth shares it does not already own for NZ$0.90 per share. Mangawhai currently holds a 19.73% stake in Bremworth, the company said…
BRISBANE: Stanmore Resources Ltd. has agreed to acquire full ownership of the Moranbah South metallurgical coal tenements from South Africa’s Exxaro Resources Ltd. for US$105 million, the company announced Thursday. The transaction remains conditional on Exxaro first completing its acquisition…
MELBOURNE: MaxiPARTS Ltd., an Australian distributor of aftermarket parts for commercial vehicles, said Thursday it has received a conditional, non-binding proposal from private equity firm Ares Management to acquire all of its outstanding shares for $2.50 per share in cash….
BRISBANE: Eureka Group Holdings Ltd. announced Thursday it has entered into contracts to acquire a portfolio of six lifestyle and mixed-use communities in New South Wales for $123.8 million, a move the company described as transformational for its growth and…
SYDNEY: WT Financial Group Ltd. has entered into a binding agreement to acquire a 70% interest in TNT Advisor Solutions, an Australian provider of onshore paraplanning services, the company announced Tuesday. The deal values TNT at 3.48 million Australian dollars, with WT Financial paying…
SYDNEY: Australian semiconductor company 4DS Memory Ltd. announced Monday it has entered into a binding agreement to acquire Jenesys Pty Ltd, a software firm specializing in autonomous systems coordination, as part of a strategic shift toward integrated hardware-software platforms for…
WELLINGTON: One New Zealand on Thursday announced a proposal to combine its radio access network infrastructure with that of 2degrees in a jointly owned wholesale business, a move the companies say would improve efficiency while preserving competition. The proposed entity, operating under the…
SYDNEY: Genetic Signatures Limited and Microba Life Sciences Limited are in preliminary discussions about a potential merger that would create a leading infectious disease diagnostics group, the companies announced Wednesday. The proposed combination would unite Genetic Signatures’ regulatory-approved infectious disease…