Latest Scheme Of Arrangement News

PointsBet shareholders have voted in favour of the proposed $1.20 per share acquisition by MIXI, Inc, marking a significant premium and clearing a key hurdle ahead of court approval.

Meridian Energy has won shareholder approval to acquire NZ Windfarms, paving the way for a landmark repowering of the Te Rere Hau wind farm that could multiply renewable output sevenfold.

Platinum Capital faces a significant hurdle as L1 Capital, holding nearly 17% of shares, declares opposition to its proposed restructuring scheme. The Board remains supportive but is exploring alternatives.

Greatland Resources Limited is set to list on the ASX following a corporate reorganisation, showcasing robust production at its Telfer gold-copper mine and advancing development at the Havieron project.

Donaco International Limited has entered a binding acquisition scheme with On Nut Road Limited at A$0.045 per share, deemed fair and reasonable by an independent expert. The Board unanimously recommends shareholder approval ahead of the August 2025 vote.

The Reject Shop held a virtual Scheme Meeting approving Dollarama's $6.68 per share acquisition offer, reflecting a substantial premium and unanimous board support. The deal now awaits Federal Court approval, with implementation expected by late July.

PointsBet Holdings Limited updates shareholders on competing takeover bids, endorsing MIXI’s $1.20 cash offer while highlighting significant uncertainties and lower value in Betr Entertainment’s all-scrip proposal.

Envirosuite has secured a key regulatory green light from FIRB for its acquisition by Ideagen, moving the proposed Scheme of Arrangement closer to shareholder approval.

Shift4 Payments, LLC has entered into a definitive scheme implementation agreement to acquire Smartpay Holdings Limited at NZ$1.20 per share, subject to regulatory and shareholder approvals. The transaction outlines a detailed timetable and conditions, including Overseas Investment Office consent and court sanction.

Smartpay Holdings has entered a definitive agreement to be acquired by US-based Shift4 Payments for NZ$1.20 per share, representing a significant premium and a near NZ$300 million valuation. The deal, recommended unanimously by Smartpay’s board, awaits shareholder and regulatory approvals.

Central Asia Metals has increased its cash offer for New World Resources shares to A$0.055 and acquired a 5% stake through on-market purchases, signaling renewed momentum in the takeover bid.

New World Resources has agreed to an enhanced acquisition proposal from Central Asia Metals, including increased cash consideration and a strategic A$10 million placement to accelerate project development.