Latest Takeover Offer News

Eildon Capital Group has recommended that securityholders accept Samuel Terry Asset Management’s unsolicited $0.875 per security takeover offer, which represents a 24% premium to recent trading prices. An independent expert has deemed the offer fair and reasonable, but uncertainties remain around board composition and liquidity post-offer.

Eildon Capital’s Independent Board Committee plans to recommend acceptance of Samuel Terry Asset Management’s increased takeover offer, valuing the company at a 24.1% premium. The move signals a likely shift in ownership and potential ASX delisting.

Samuel Terry Asset Management has raised its takeover offer for Eildon Capital Group securities to A$0.875 per stapled security, sweetening the deal with faster payment terms for electronic transfers.

Savana Asset Management highlights how its US Small Caps Active ETF (SVNP) can boost portfolio diversification and risk-adjusted returns, while recent takeover bids underscore the fund’s value-driven approach.

Reef Casino Trust (ASX, RCT) has received a recommended off-market takeover offer from Iris Cairns Property Pty Ltd at $3.87 per unit, representing a significant premium over recent trading prices. The independent expert affirms the offer as fair and reasonable, with major unitholders supporting the bid subject to regulatory approvals.

Elanor Commercial Property Fund’s Independent Board Committee unanimously recommends rejecting Lederer’s unsolicited $0.70 per security takeover bid, supported by an Independent Expert’s report deeming the offer neither fair nor reasonable.

TT Investments has launched an unconditional off-market takeover offer for all remaining securities in 360 Capital Group at $0.31 per security, marking a decisive move to consolidate control.

betr Entertainment Limited has declared its off-market takeover offer for PointsBet Holdings Limited unconditional following key shareholder approvals, setting the stage for the offer’s scheduled close on 25 September 2025.

Elanor Commercial Property Fund has reaffirmed its FY26 distribution guidance while urging securityholders to reject a takeover offer it deems undervalued and opportunistic.

TT Investments has increased its unconditional takeover offer for 360 Capital Group securities to $0.31 per security, marking a best and final bid. Meanwhile, 360 Capital's Independent Board Committee advises securityholders to hold off on any action pending an expert review.

TT Investments has increased its takeover bid for 360 Capital Group securities to $0.31 per share, marking its best and final offer amid a firm hold on majority ownership.

betr Entertainment has issued its fourth supplementary bidder’s statement, addressing PointsBet’s recent assertions and confirming key financial consents and cash flow positions amid its ongoing takeover offer.