Latest Mergers And Acquisitions News

Auswide Bank Ltd held a pivotal Scheme Meeting to decide on its acquisition by MyState Bank Limited, with directors unanimously recommending approval. Shareholders will exchange Auswide shares for MyState shares, creating a merged entity with shared ownership.

IODM Limited has achieved a significant milestone in its UK Education segment, raising its minimum monthly revenue threshold by 50% to GBP75k and outperforming half-year revenue forecasts.

Selfwealth has received a new $0.28 per share acquisition proposal from Svava, significantly outbidding Bell Financial’s earlier offer and prompting a fresh evaluation by the board.

Argo Investments reports a robust half-year profit of $121.2 million and announces a record fully franked interim dividend of 17.0 cents per share, driven by increased dividend revenue and strategic portfolio moves.

Argo Investments reported a 3.2% decline in half-year profit to $121.2 million but announced a higher fully franked interim dividend of 17.0 cents per share, reflecting confidence in its long-term strategy.

Astral Resources NL has initiated an off-market takeover offer for Maximus Resources Limited, proposing one Astral share for every two Maximus shares. The Maximus Board unanimously recommends acceptance, highlighting a significant premium and strategic consolidation benefits.

Astral Resources has launched a recommended takeover offer to acquire Maximus Resources, creating a leading Western Australian gold developer with combined mineral resources of approximately 1.8 million ounces.

Astral Resources has launched a recommended takeover offer for Maximus Resources, valuing the company at $31 million and combining their gold resources to form a leading Western Australian developer with approximately 1.8 million ounces of gold.

Native Mineral Resources has raised $14.9 million through a Shortfall Placement and a major investment by Wes Maas, accelerating its plans for gold production at Charters Towers in Queensland.

Cobre Limited reports promising assay results from diamond drilling at its Ngami Copper Project in Botswana, revealing significant copper and silver mineralization over a 4km strike. The findings bolster prospects for advancing the Comet target towards a formal resource estimate.

Catalyst Metals Limited is ramping up exploration in the historically underexplored Plutonic Gold Belt, aiming to boost annual gold production from 110,000 to 200,000 ounces. With a robust cash position and a $40 million drilling program underway, the company is poised to unlock significant new resources.

Westgold Resources has lowered its FY25 gold production forecast due to slower-than-expected ramp-ups at key mines, adjusting cost and capital expenditure guidance accordingly.