PERTH: Brightstar Resources Ltd. (ASX: BTR) and Aurumin Ltd. (ASX: AUN) said Monday they are in advanced talks over a proposed merger aimed at consolidating their tenement holdings in Western Australia’s Central Sandstone region. The potential all-scrip transaction would see Brightstar acquire Aurumin through a scheme of arrangement, with Aurumin shareholders offered one Brightstar share…
Category: Australian Exchange
Australian Securities Exchange news today and company announcements regarding mergers, acquisitions, appointments, expansion and technology of companies listed on Australian Securities Exchange (ASX).
Nine Entertainment’s Stan acquires Optus Sport assets, expands football coverage
SYDNEY: Nine Entertainment Co. (ASX: NEC) announced Monday that its subsidiary, Stan, has agreed to acquire selected assets of Optus Sport, including media rights for the Premier League and Emirates FA Cup, in a deal set to enhance its sports streaming portfolio. The acquisition, effective Aug. 1, includes Optus Sport’s media rights agreements, subscriber contracts…
Super Link to acquire all assets of Multistack International
SYDNEY: Multistack International Limited (ASX: MSI) announced Friday that it plans to sell all assets and liabilities to Super Link Company Limited, marking an end to its current operations amid ongoing financial challenges. The Australian-based industrial air conditioning firm, which operates primarily through Multistack Australia Pty Ltd, has been grappling with continued losses. In a…
Duxton Farms announces merger with four agricultural companies
STIRLING: Duxton Farms Ltd (ASX: DXF) unveiled plans Thursday for a strategic merger with four private agricultural companies, a fully underwritten institutional placement, and a special dividend following the recent sale of its Kentucky property. Key Highlights: The merger accelerates Duxton Farms’ expansion into higher-yield agricultural sectors, including permanent horticulture and viticulture. The combined entity…
Civmec to acquire Luerssen Australia in $20 million deal, bolstering sovereign shipbuilding capability
PERTH: Civmec Limited has signed a binding agreement to acquire full ownership of Luerssen Australia Pty Ltd from NVL Australia GmbH for AUD 20 million in cash, in a strategic move to consolidate its position as a leading sovereign Australian shipbuilder. The acquisition, scheduled to close by July 1, 2025, will transfer all assets, employees…
Evion Group secures US deal for expandable graphite as global demand climbs
PERTH: Evion Group Ltd. (ASX: EVG) has finalized a deal to deliver its first shipment of expandable graphite to a major U.S. supply chain company, marking a significant step in the company’s efforts to position itself as a reliable, non-Chinese source of critical minerals. The 80-metric-tonne shipment, valued at approximately A$400,000, will be dispatched over…
Legend Mining acquires gold and base metal project in Western Australia
LEONORA: Legend Mining Limited announced Wednesday it has signed binding term sheets to acquire a 100% interest in the Pinnacle Well Project, located 25 kilometers (15.5 miles) north-northeast of Leonora in Western Australia’s mineral-rich Leonora district. The project, which covers 110 square kilometers (42.5 square miles) across two exploration licenses, has seen little exploration activity…
Xero to acquire US bill pay firm Melio in $2.5 billion deal
WELLINGTON: Accounting software company Xero Ltd. said Wednesday it will acquire U.S.-based payments platform Melio for $2.5 billion in cash and stock, in a move aimed at significantly accelerating its North American growth strategy. The acquisition, announced alongside a fully underwritten A$1.85 billion (US$1.2 billion) capital raise, aligns with Xero’s “3×3” strategy targeting growth in…
The Abercrombie Group offers to acquire hummgroup
SYDNEY: humm Group Limited (ASX: HUM) announced it received a non-binding indicative offer from The Abercrombie Group Pty Ltd (TAG) to acquire all outstanding shares of the company not already held by TAG and its associates. The offer, disclosed after market close on June 23, proposes a cash price of $0.58 per share, a 35%…
Rio Tinto, Hancock Prospecting to Invest $1.61 billion in Australian iron ore project
PERTH: Rio Tinto and Hancock Prospecting will invest $1.61 billion to develop the Hope Downs 2 iron ore project in Western Australia’s Pilbara region, the companies announced. Rio Tinto’s share of the investment is $800 million. The project, which has received all necessary state and federal approvals, will mine the Hope Downs 2 and Bedded Hilltop…
Shift4 to acquire Smartpay for NZ $296 million
SYDNEY: Smartpay Holdings Ltd. said Monday it has entered into a scheme implementation agreement to be acquired by U.S.-based Shift4 Payments, LLC for NZ$1.20 per share in cash, valuing the New Zealand payment provider at approximately NZ$296.4 million. The deal, to be executed via a court-approved scheme of arrangement under Part 15 of New Zealand’s…
Jayride launches SaaS platform for ground transportation industry
SYDNEY: Jayride Group Limited (ASX: JAY), a global ground transportation technology company, announced the launch of a new B2B Software-as-a-Service (SaaS) platform designed to streamline operations for transport providers. The platform aims to address key industry challenges, including delayed payments, manual processes and fragmented systems. The SaaS offering, branded as “Powered by Jayride,” integrates payment…