Latest Takeover Bid News

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Infomedia Ltd reported solid FY25 financial results with a 7% rise in underlying cash EBITDA and announced a lucrative take-private offer from TPG Capital at a 41% premium. The company’s strategic AI investments and contract renewals underpin its growth trajectory.
Sophie Babbage
Sophie Babbage
25 Aug 2025
Infomedia Ltd reported solid FY25 results with revenue up 4% to $146.5 million and net profit rising 32%, driven by key product growth and a strategic AI acquisition. The company also recommended shareholder approval of a premium takeover offer from TPG Capital.
Sophie Babbage
Sophie Babbage
25 Aug 2025
Reef Casino Trust reported a 23.9% decline in half-year net profit due to higher regulatory and transaction costs, while announcing a recommended takeover bid at $3.72 per unit. The Trust declared a reduced distribution of 6.63 cents per unit.
Victor Sage
Victor Sage
21 Aug 2025
Trading in New World Resources Limited shares has been suspended following compulsory acquisition notices issued by Kinterra Capital, signaling a major ownership shift.
Maxwell Dee
Maxwell Dee
21 Aug 2025
MIXI Australia has extended its unconditional all-cash takeover offer for PointsBet shares, providing shareholders with a certain and attractive alternative to PointsBet’s conditional scrip bid. The offer now runs until 29 August 2025 at A$1.30 per share for acquisitions above 90%.
Claire Turing
Claire Turing
21 Aug 2025
Elanor Commercial Property Fund's Independent Board Committee has unanimously recommended that securityholders reject the unsolicited takeover offer from Lederer Group, citing undervaluation and lack of control premium.
Eva Park
Eva Park
21 Aug 2025
MIXI Australia has extended its takeover offer for PointsBet to August 29 and plans a final price increase to A$1.30 per share, contingent on securing 90% ownership.
Claire Turing
Claire Turing
21 Aug 2025
MIXI Australia has extended its takeover offer for PointsBet shares to 29 August 2025 and announced a conditional increase in the offer price from $1.25 to $1.30 per share, aiming to secure at least 90% ownership.
Claire Turing
Claire Turing
21 Aug 2025
Reef Casino Trust faces a new takeover challenge as Morris Group submits a conditional $191.7 million cash offer, competing with the board-backed Iris proposal. The trust’s Independent Board Committee urges unitholders to hold off while assessing the competing bids.
Eva Park
Eva Park
21 Aug 2025
PointsBet Holdings Limited has lodged its Target’s Statement advising shareholders to reject the unsolicited all-scrip takeover offer from betr Entertainment Limited, endorsing instead the competing all-cash bid from MIXI Australia. The PointsBet Board highlights significant concerns over betr’s offer, including valuation, liquidity, and conditionality.
Victor Sage
Victor Sage
21 Aug 2025
Iris Cairns Property Pty Ltd has increased its cash takeover offer for Reef Casino Trust units to A$3.72 per unit, with the Reef Corporate Services Limited board unanimously recommending acceptance. The offer values the trust at approximately A$185.3 million and awaits regulatory approvals.
Victor Sage
Victor Sage
20 Aug 2025
LDR Assets Pty Ltd, part of the Lederer Family Office, has initiated an off-market takeover offer for all stapled securities in the Elanor Commercial Property Fund at a 5.3% premium to recent prices. The bid signals a potential overhaul of ECF’s management and governance.
Eva Park
Eva Park
20 Aug 2025