Deals

Shares in Matrix Composites & Engineering rose strongly today but are still slightly below the price at which Advanced Innergy Holdings plans to bid for the Perth company.

Rare earths developer Lindian Resources is rattling the tin for $100 million as it sets it sights on first production from its flagship Malawi mine.

Andrew Forrest-backed rare earths developer Hastings has struck a $US15 million deal to acquire a stake in a downstream processing plant in Thailand, after weighing sites domestically and in Saudi Arabia.

Advanced Innergy Holdings has lobbed a second takeover offer for Perth-based Matrix Composites & Engineering after addressing issues that caused its first offer to flounder last year.

Queensland investors have purchased the MG Motors on Great Eastern Highway.

Critical minerals miner IGO has moved to consolidate ownership of an Arizona copper exploration project after buying out its joint venture partner Buxton Resources.

Lynas Rare Earths has shaken hands with a South Korean power and communications manufacturing firm to develop a rare earths metal production facility in Vietnam.

The acquisition marks the Sydney-based property fund's first Western Australian acquisition this year.

The West Leederville property fund has purchased an industrial property for $16.5 million.

Core Lithium has greenlit the restart of its mothballed Finniss lithium operation in the Northern Territory and plans to raise $120 million as part of a broader funding package.

The national property fund has purchased Malaga Home Centre from Subiaco's Quadrant Investments.

Lynas Rare Earths has struck a deal with the United States Department of War to supply US$96 million worth of its sought-after critical mineral at a premium floor price.

The Motor Trades Association of Australia has made a last-minute call for industry players to respond to an ACCC survey on IAG's renewed bid to purchase RAC's insurance business.

The acquisition of the former Channel 10 and Channel 9 sites in Dianella paves the way for 150 more homes in the former media precinct.

Lynas Rare Earths has struck an updated supply deal with its long-term Japanese trading partner and has set a price floor price of US$110 per kilogram for its rare earth magnet material.

Gold producer Pan African Resources has launched a $311 million takeover for Emmerson Resources, aiming to consolidate ownership at its gold and copper project.

A local developer is hoping to transform the former medical practice after purchasing the property for $2.85 million.

The transaction represents the second Perth shopping centre Harmony Property Investments has acquired this year.

The sale of the neighbourhood shopping centre comes amid a strong retail property market.

GenusPlus Group has made its largest acquisition to date, paying up to $55 million for Perth-based Railtrain Holdings to support its continued growth and diversification.

US-based multinational Culligan has added to its global network by purchasing rapidly-growing Perth business Complete Home Filtration, which will continue under its current leadership.

Shares in South Australia-based Mayfield Group closed trade up 15 per cent following news it is set to acquire SMEC Power & Technology for up to $30 million.

BlueScope Steel has rejected a revised takeover offer from Stokes' SGH but says its board remains open to a deal at a higher price.

The Bunnings Property Trust has continued its sell off, with the divestment of its Port Kennedy warehouse.

Two West Perth office buildings have changed hands following four decades of ownership.

The private company that owns Rottnest Express has struck a deal to buy the SeaLink ferry business and Captain Cook Cruises, substantially boosting its share of the key market.

Partners Wealth Group has acquired Perth-based Investment & Financial Partners, with its acquisitive streak lifting local funds under management to $1.5 billion.

Shares in Minerals 260 soared after the gold developer shook hands on a $220 million deal with a major royalty firm to advance its Bullabulling project near Kalgoorlie.

The rich lister has purchased a Welshpool warehouse for $4.45 million, amid a spate of transactions in the area.

Ryan Stokes-led SGH and its US partner Steel Dynamics have announced an improved takeover proposal for Australia's largest steel producer, valuing BlueScope Steel at $15 billion.

An entity owned by Roy Lombardi has purchased four lots from St John Ambulance for $9.57 million.

Private equity firm Viburnum Funds has invested in Magellan Power, a Perth-born power systems manufacturer for the resources, defence and data centres industries.