Fortescue Metals Group may have to sell a stake in its iron ore mines or rail infrastructure as it looks to pay down debt after abandoning a $US2.5 billion refinancing.
Medical marijuana company Phytotech Medical has entered into an agreement to wholly acquire Canada-based MMJ Bioscience, in a deal worth about $20.7 million.
Shares in copper miner Latitude Consolidated skyrocketed on news it plans to exit the resources sector with a proposed acquisition of consumer services technology company Yatango through a scrip deal valued at about $18 million.
TPG Telecom insists that its $1.4 billion bid for internet provider iiNet is good for the takeover target's shareholders, despite opposition from some investors.
Windward Resources has taken advantage of a recent spike in its share price to raise $6 million to fund exploration at its Fraser Range nickel-copper projects.
Founder and minority shareholder of iiNet, Michael Malone, has emerged as another critic of the $1.4 billion agreed takeover of his former company, as chairman Michael Smith sought to defend the deal with rival TPG Telecom.
Perth's status as a significant outpost in the national information and communications technology sector could be threatened by the likely loss of key major local headquarters following recent mergers and acquisitions activity.
It may seem like an entirely offshore deal, but Japanese tech giant Panasonic’s purchase of US satellite communications provider ITC Global has a strong Western Australian flavour.
Doray Minerals has appointed PCF Capital Group as adviser as the company plans to secure funding for the construction and development of its Deflector gold-copper project near Geraldton.
Biotech company Admedus has initiated a capital raising comprising a placement and rights issue, with the hope of generating up to $28 million to fund ongoing development of various health care programs.
Aziana was one of three Perth exploration companies to release details today of plans to leave the resources sector behind, through reverse takeovers of businesses in sectors as diverse as artificial intelligence, medical cannabis and e-commerce.
Technology developer and investor Orbital Corporation has reshaped its board as it implements a new growth strategy, adding investment banker John Poynton as a director and promoting experienced minerals executive John Welborn to chairman.
Galaxy Resources’ $223 million sale of its Jiangsu lithium carbonate plant to a Chinese buyer has received shareholder approval from both parties after multiple delays and timeframe extensions.
Shares in Minbos Resources surged on news it has entered into an agreement to sell half of the company to joint venture partner, Petril Projects, in exchange for full ownership of the Cabinda phosphate project in Angola.
Perth-based mineral sands producer Iluka Resources has created a new senior executive role to focus on two growth opportunities involving new technology in the UK and Brazil.
Nedlands-based pharmaceutical company PharmAust has raised about $3.1 million in an oversubscribed placement to fund clinical trials for its cancer drug.
Gleneagle Gold announced its intention to exit the resources sector through the back door today, with a proposal to buy a Melbourne-based unlisted biotechnology company for a share package worth $2 million.
Emeco Holdings has diversified its business outside the mining sector by purchasing truck and trailer rental company Rentco, which was founded in 1994 by Perth brothers Bob and John Shier, in a structured deal worth at least $52 million.
Sydney-based TPG Telecom and its competitor iiNet scored a rare double today after announcing a friendly takeover offer, with shares in both the bidder and its Subiaco-based target rising strongly as investors welcomed the combination as a logical strategic fit.
Oil and gas company Neon Energy has reversed its decision to accept Evoworld Corporation’s takeover proposal, after an independent expert's report found the deal to be unfair.
The companies that run Melbourne’s trams and the Gold Coast’s privately owned light rail service are set to enter the Western Australian market after buying one of Perth’s major bus operators.
Tech companies Dubber Corporation and xTV Networks have announced major new deals after completing backdoor listings on the ASX, with investors in Dubber sitting on healthy gains today.
Shares in Gulf Minerals Corporation surged on news it had signed a $26.3 million equity funding deal with Sigur Holdings to cover development costs at its manganese smelting project in Indonesia.
Iron ore rivals BHP Billiton and Rio Tinto are united in their forecast more high-cost producers will leave the market, but have stopped short of predicting how Western Australia’s higher-cost producers will fare over time.
Perth-based minerals explorer Rift Valley Resources has signed a deal to wholly acquire the Mtemi Resources Group of Companies after completing a $4 million capital raising.
