SYDNEY – Australian logistics giant Qube Holdings (QUB.AX) said on Monday it received a non-binding takeover proposal from Macquarie Asset Management valuing the company at an enterprise value of A$11.6 billion ($7.49 billion). The offer of A$5.20 per share in cash represents a 28% premium to Qube’s last closing price of A$4.07 on Friday. Shares…
ADELAIDE: A consortium led by Abu Dhabi’s XRG P.J.S.C. has withdrawn its non-binding $5.6 billion proposal to acquire Australian energy firm Santos Ltd (ASX: STO), ending months of negotiations over a potential cash scheme of arrangement. The consortium, which included Abu Dhabi Development Holding Company and private equity firm Carlyle, cited regulatory risks and delays…
Company posted a normalized profit before tax of A$13.9 million for the six months SYDNEY: Ainsworth Game Technology Ltd (ASX: AGI) reported a normalized profit before tax of A$13.9 million for the six months ended June 30, 2025, in line with market guidance, as revenue surged 25% year-over-year to A$152.1 million. The results come as…
CAIRNS: Reef Casino Trust (ASX:RCT) has received a conditional, non-binding bid from Morris Group, offering approximately A$184 million for all issued units of the trust in an off-market cash takeover. The proposal, submitted through MGGM Cairns No1 Pty Ltd, values each unit at A$3.70 and mirrors the key terms of a prior offer from Iris…
LONDON: Empresaria Group plc (AIM: EMR), a global specialist staffing firm, confirmed it has received an unsolicited indicative takeover proposal from Planmatics Limited, a newly formed entity controlled by a consortium of investors. The consortium — comprising Peter Gregory, Nigel Marsh, and Ashok Vithlani — has proposed to acquire the entire issued and to-be-issued share…
LONDON: Private equity firms KKR and Stonepeak have increased their cash offer for Assura plc, a UK-based healthcare property company, in a bid to outcompete a rival takeover attempt by Primary Health Properties (PHP). The consortium, operating through newly formed Sana Bidco Limited, announced Wednesday its “best and final” cash offer of 50.42 pence per…
PERTH: Patronus Resources Limited (ASX: PTN) announced on Monday an on-market takeover offer for all outstanding shares of Matsa Resources Limited (ASX: MAT), a move that could significantly reshape the gold exploration and development landscape in Western Australia. The offer, priced at A$0.045 per share, values Matsa at approximately A$33 million based on its current…
LONDON, UK: MISSION Group plc has firmly rejected an unsolicited takeover proposal from Brave Bison Group plc, citing the offer as opportunistic and significantly undervaluing the company. The offer, made on April 29, 2024, suggested an all-share exchange ratio of 11.5 Brave Bison shares for each MISSION share, valuing each MISSION share at approximately 29…
SYDNEY, AUSTRALIA: OreCorp Limited has announced receiving a revised takeover offer from Perseus Mining Limited. The new proposal suggests an increased bid of A$0.575 per share. The offer is contingent upon the OreCorp Board’s recommendation post fulfillment of specific conditions outlined in the Target’s Statement. Major shareholders have signaled their approval of the amended offer….
Renalytix plc, a company that uses artificial intelligence to diagnose and treat kidney disease, has announced that it is considering selling itself or its assets after receiving an unsolicited takeover offer from a larger competitor. The company, which is listed on both the London Stock Exchange and the Nasdaq, said that it has launched a…