Deals

Steven Goh’s social networking company migme has raised $10 million from an oversubscribed placement to shareholders.

Commonwealth Bank of Australia shares have gone into a trading halt as the lender completes a retail bookbuild for the remainder of its capital raising.

Perth-based rare earths explorer Greenland Minerals and Energy will undertake a $6.1 million non-renounceable rights issue to fund ongoing work at its Kvanefield project.

Woodside Petroleum has spent the past 60 years focused on the development of its own projects in Australia, but in the space of one year, two major takeover deals collectively worth $15 billion look set to reshape the Perth-based energy giant.

Energy giant Woodside Petroleum is considering growth opportunities in Papua New Guinea, announcing today it was evaluating a takeover offer for Oil Search through an all-scrip deal valued at more than $11 billion.

Eight years after Diploma Group listed on the ASX, the Di Latte family is looking to buy back the business from shareholders.

The final step in TPG Telecom’s takeover of iiNet is due to happen today, when iiNet shareholders will be paid $9.55 per share, however, staff and customers face an uncertain future.

There aren’t many businesses that relish the lack of daylight saving in Perth, but newly formed market research firm Thinkfield says the time difference to the east coast creates big opportunities.

Dempsey Minerals has announced a change in direction with a proposed acquisition of a local unlisted oil explorer, in a deal valued at about $2.6 million.

Stakeholders in Sirius Resources have shown their support for the proposed acquisition by Independence Group, with three recommendations passing by an almost unanimous vote.

Shares in outdoor adventure gear retailer Kathmandu were sharply lower after the Briscoe Group's takeover offer remained unchanged while Kathmandu remained unmoved.

Minbos Resources has ended merger talks with its joint venture partner, Petril Projects, after the two companies were unable to agree on certain terms of the proposal.

Harvey Norman's acquisition of a stake in a dairy farm may be mystifying for some, but not for executive chairman Gerry Harvey.

Myer is looking to a Topshop-led overhaul to end years of weak sales growth in its department stores, and is asking investors for the cash to pay for it.

The last day of the profit reporting season delivered a few surprises for Western Australia-based mining services companies, with NRW Holdings incurring a bigger-than-expected loss, VDM Group shrinking at a rapid rate, Swick Mining Services showing some promise, and Resource Development Group staying in the black.

Nedlands-based investment manager Viburnum has acquired oil and gas diving contractor Cal Dive International Australia, in partnership with Houston company SCF Partners.

Global management consulting firm Boston Consulting Group has taken a minority stake in Perth-based data and analytics company The Simulation Group, aka TSG Consulting.

SPECIAL REPORT: Two years on, the surge in ASX backdoor listings shows little sign of slowing, helping innovative technology businesses in Perth, interstate and overseas to raise capital.

Gold miner Doray Minerals is seeking to double its workforce to support its Deflector project, after announcing it has secured $91.7 million in funds to bring the project into production.

Mining services group Bradken has decided against a merger with Chile's Magotteaux Group, preferring to focus on a restructuring program it says is largely complete.

Diversified contractor SRG has completed its $2.3 million acquisition of Perth-based commercial maintenance and repairs firm CCM Group Australia, which it says will add to its capability in Western Australia.

The Town of Port Hedland council voted last night to privatise the regional airport through a long-term leasing deal with AMP Capital and Infrastructure Capital Group, which will run the regional airport for 50 years.

Struggling online streaming service Quickflix has abandoned plans to buy a Chinese film and TV company just weeks after flagging the deal.

The Town of Port Hedland is poised to complete Western Australia’s biggest privatisation in 15 years, with a consortium led by AMP Capital set to pay $165 million for a 50-year lease over the town’s airport.

The corporate watchdog is considering an update to its disclosure policy for prospectuses, one week after uncertainty over the policy contributed to the collapse of a high-profile backdoor listing deal.

Perth-based mining services company Imdex today announced two capital raisings with a $28 million placement and $7 million share purchase plan.

Willis is set to become one of the largest insurance brokers in Western Australia after buying CKA Risk Solutions, which was established in Perth 11 years ago.

Three fast-growing gold miners have undertaken further expansion moves in Western Australia, with Evolution Mining announcing its intention to make a takeover offer for Phoenix Gold.

The corporate watchdog has warned that a future merger between any two of the remaining fixed broadband suppliers would raise serious concerns, while also giving the go-ahead for TPG Telecom’s $1.6 billion takeover of iiNet.

Balcatta-based drilling services company Imdex has confirmed reports it is seeking to undertake a $35 million capital raising to pay off debt, while also announcing a net loss of $22.5 million for the 2015 financial year.

Shares in VDM Group were up 125 per cent on news it had attracted a new cornerstone investor for an $18 million capital raising, highlighting the company’s planned shift from construction to mining.

Naracoota Resources has announced plans to exit mining and enter the tech sphere through the reverse takeover of a health informatics company backed by Perth technology entrepreneur Nathan Buzza, in a deal worth $12.4 million.