Shareholder meetings for VGW Holdings held on Friday have approved a $5.05-a-share offer by an Escalante family company, with more than 91 per cent of shares voted cash in favour of the buyout
Sean Smith
Laurence Escalante’s long-time backers must decide whether to realise the hefty profits they’ve made on his lucrative casino games company or gamble on an uncertain future.
By assuming operating control of east coast’s Australia most important energy source from ExxonMobil, Woodside takes responsibility for the Bass Strait gas production assets and associated gas plants.
Mark Clark’s Capricorn Metals has used its share price muscle to make a $188m move for an explorer with a large landholding in a gold and copper hotspot.
Adrian Rauso
The competition regulator says it is seeking more information from RAC and Insurance Australia Group about the competition impact in WA of the $1.35 billion sale.
Insignia Financial shares surged as much as 16 per cent after CC Capital agreed to buy the Australian wealth manager in a deal worth around $3.4 billion, following a months-long bidding tussle.
Adam Haigh
Carnarvon Energy is taking up a 19.9 per cent stake in gas play Strike in a deal seen underpinning the latter’s $300 million expansion in the Perth Basin.
Burgundy Diamond Mines has blamed weak prices for the layoffs at the Ekati mine in Canada’s Arctic Circle, which was acquired from BHP by the junior for more than $200 million in early 2023.
Mount Gibson Iron is looking to make the jump from mining iron ore off the Kimberley coast to digging for gold in the Northern Territory, after signing up to buy tenements from Northern Star.
Simone Grogan
A tranche of takeovers headlined by Northern Star, Gold Fields and Ramelius Resources delivered $20 billion worth of WA mining M&A in 2025 so far, and Perth dealmakers have tipped gold’s reign will continue.
Shares in self-storage giant Abacus Storage King are higher on Monday after receiving a sweetened $2.17 billion takeover offer from a consortium led by South African tycoon Nathan Kirsh.
Cheyanne Enciso
A fresh twist in the Star Entertainment saga has given the embattled casino giant more time to finalise a deal for its Queen’s Wharf complex.
Cameron Micallef and Cheyanne Enciso
The State Government’s mission to buy back WA freight railways from a Canadian investment behemoth has advanced beyond a seemingly frosty start earlier this year.
The $377 million sale of a fast-growing, Perth-founded industrials business to Cleanaway Waste Management has clinched a key approval.
Yilgarn iron ore tenements Mineral Resources has sold to a private company that wants to start mining later this year are now subject to a review by the State Government over cleanup costs.
Embattled Star Entertainment’s deal to sell a 50 per cent stake in its $1.6 billion Brisbane casino to Hong Kong investors is on the brink of collapse.
Debt-laden Gumtree Australia Markets has struck a deal to sell its home-grown share market gossip site HotCopper and Canadian counterpart Stockhouse.
Neale Prior
Fresh drama has engulfed the embattled Star casino group as talks over a $1.6bn Brisbane sale collapse.
Duncan Evans
Mineral Resources has offloaded its idle Yilgarn iron ore hub for an ‘immaterial’ amount after closing the mines that once employed 1000 people at the end of last year.
Laurence Escalante’s nearly $1 billion bid to buy out minor shareholders of his online casino group has passed a key hurdle as profits thrust higher.
Shell has denied a Wall Street Journal report that it is in active talks about acquiring its London-based oil rival BP.
Bloomberg
Accounting software firm Xero will buy New York-based Melio Payments for $US2.5 billion ($3.9b) in a bid to push deeper into the US market.
Greatland Resources’ arrival on the ASX on Tuesday made it one of the largest listed companies in WA after years of groundwork and deal making, but chairman Mark Barnaba believes the real work starts now.
The reduced $619.2m profit was shared by the firm’s 628 owner-partners, who pocketed an average $767,000 but are liable for the tax due on the income.
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