Subiaco-based Nemex Resources has abandoned plans to wholly acquire Wavefront Biometric Technologies, but will instead raise capital and secure a majority stake in the target.
Local explorer RNI has sold its shareholding in Metals X for $23.4 million to pay off all its debt and fund new drilling work on its copper tenements in the Bryah Basin.
South African fishing company Sea Harvest Group has committed to take its maximum possible entitlement under a planned $16 million-plus capital raising by Perth company Style.
Investors have welcomed news that engineering and contracting firm Monadelphous Group has teamed up with a family-owned company in the US to target work in the shale gas industry.
The competition watchdog has raised concerns regarding Automotive Holdings Group’s $43 million sale of its Covs Parts business to GPC Asia Pacific, which already operates the Repco chain.
Regenerative medicine company Avita Medical has raised $10 million from investors to support the commercialisation of its ReCell device, which is being trialled by a US government agency.
Brisbane-based Suncorp Bank is calling time on its sponsorship deal with Perth Arena, making it the first corporate partner to withdraw support since signing with the facility at its 2012 opening.
Belmont-based Swift Networks is seeking an ASX listing by entering into a heads of agreement with Stanfield Funds Management, while Stanfield has dropped plans to acquire Singapore-based tech firm Sprooki.
A proposed acquisition of tech entrepreneur Justin Miller’s company, Nuheara, by Wild Acre Metals has hit a major roadblock after concerns were raised by the corporate watchdog.
Crescent Capital Investments has sweetened its takeover offer for infrastructure services group Cardno, boosting the deal to $3.45 per share, one week after competitor Coffey announced a friendly takeover deal with global player Tetra Tech.
Phoenix Gold has reiterated shareholders should reject a cash and scrip takeover offer from Evolution Mining, even though a rise in Evolution’s share price has boosted the value of the deal.
Perth company Metals X has made a surprise takeover offer for embattled copper miner Aditya Birla Minerals, in a bid which values the target at about $86 million.
Perth-based vehicle retailer Automotive Holdings Group has announced plans to acquire distribution rights for Higer buses in Australia off the current distributor, which is in administration.
Grain handler CBH Group has welcomed a report from the competition watchdog, which has expressed concern about the impact of the proposed $12 billion takeover of freight logistics company Asciano by Brookfield Infrastructure.
Millennium Minerals has kicked off a $21 million capital raising to pay off its debt and fund an ‘aggressive’ exploration campaign at its Nullagine gold project in the Pilbara.
Bannister Downs Dairy Company managing director Sue Daubney is aiming to rebuild Azzura Gelati to its former glory after striking a deal this week to buy the local ice-cream manufacturer.
Excelsior Gold says a revised ore treatment agreement with Norton Gold Fields will remove an upfront $12.5 million payment for a milling allocation, with the savings to provide flexibility to further develop its Kalgoorlie North gold project.
Shares in Antipa Minerals have soared on news it has attracted backing from mining giant Rio Tinto, which plans to invest up to $60 million in the local explorer’s Citadel gold-copper project.
Local engineering services company Clough is boosting its North American presence with the acquisition of Canada-based Enercore Projects for $C10 million ($A10.5 million).
Junior explorer MRL Corporation has received firm commitments for a $4 million capital raising to fund development of mine shafts at its graphite tenements in Sri Lanka.
Commercial real estate agency Metier has scored another plum government job, this time to handle retail leasing for the Metropolitan Redevelopment Authority at Midland’s Railway Workshops.
BGD Corporation is the latest Perth-based company to initiate a backdoor listing, announcing today that it intends to establish a primary healthcare business by purchasing assets held by Modern Medical.
Telstra has entered into an agreement to acquire the technology subsidiary of not-for-profit health and community care organisation Silver Chain Group for an undisclosed sum.
Macquarie Group is forking out $8.2 billion for a major car leasing and finance business from ANZ, and seeking financial support from shareholders to fund the deal.
Shares in local rare earths explorer Plymouth Minerals closed 75 per cent higher on news it had entered into an agreement to acquire two African potash projects for an all-scrip deal worth up to $2.75 million.
