Deals

Cirrus Networks' board has continued to reject a takeover proposal made by Webcentral Group, which is now seeking to remove three directors of the local IT services firm.

Perth-based Myanmar Metals has agreed to sell its entire interest in a historical lead and silver mine, impacting the likelihood of a $66 million takeover deal.

Western Australian company Battery Minerals has agreed to sell two graphite projects in Mozambique to an existing producer for $12.5 million in cash and shares.

Sydney Airport has swiftly rejected a revised takeover bid by an expanded group of infrastructure investors, saying the new offer still undervalues the company.

Peter Meurs and Perth-based Merchant Group have invested $9.5 million in biopharmaceutical company Dimerix, as part of a broader capital raising to fast-track clinical studies.

The noteholders in one-time lithium producer Altura Mining are set for a windfall gain, after the value of shares they are due to receive in Pilbara Minerals rocketed.

West Perth-based Galan Lithium has secured funds to continue exploring its Greenbushes South project in WA and its Argentinian assets.

South Australia's Thor Mining has raised $1.5 million, primarily to fund continued exploration at its Ragged Range gold and nickel project in the Pilbara.

Perth-based Veris has revealed plans to demerge and publicly list its telecommunications business, Aqura Technologies, following a strong year of growth and significant contract wins.

Perenti subsidiary Ausdrill has partnered with the University of Technology Sydney and the Innovative Manufacturing CRC to co-develop a system for safer rock scaling operations.

Perth-based Proteomics International has partnered with the University of Melbourne and the Royal Women's Hospital to develop a non-invasive blood test for endometriosis.

Andrew Forrest's Tattarang has lifted its stake in Huon Aquaculture to 18.5 per cent, less than a week after the fish-farming business received a takeover offer from meat processing giant JBS.

Balcatta-based Great Southern Mining is raising $2.5 million from a share placement to progress its projects in Western Australia and Queensland.

Tony Sage's European Lithium and fellow WA company Marvel Gold have secured funds to progress their projects in Austria and Mali.

Emerging producer Core Lithium has secured $125 million from share placements and hopes to raise a further $15 million to progress its Finnis project in the Northern Territory.

Three Perth dealmakers are behind an early-stage iron ore explorer that is seeking to list on the ASX despite ongoing disputes with its neighbour on Cockatoo Island.

National Australia Bank is buying Citigroup's consumer business and the two are devising new buy now, pay later products.

Perth-based Jadar Resources is acquiring two past-producing tin projects in the Northern Territory for $6.5 million in cash, plus options.

Shares in Perth-based Hot Chili have risen by more than 20 per cent after the copper explorer said it had secured funds to complete its purchase of an overseas project.

Family Zone has launched a $146 million capital raising to fund its acquisition of UK-based digital safety company Smoothwall.

Perth-based Resolute Mining has secured a new buyer for its Bibiani asset in Ghana, which has offered to pay $US90 million in cash.

DXN has joined the multi-million-dollar Australian Biome project after signing an agreement to provide the tourism site's data centre and network connectivity.

Local companies Alderan Resources and Canyon Resources have secured funds to progress their copper and bauxite projects.

Tyre recycling company Pearl Global is raising $6 million to fund an expansion of its Stapylton productions plant.

After a combined 24 years with the company, Bentleys Perth audit partners are moving to business advisory firm Hall Chadwick.

Red 5 has reversed the operating strategy for its Darlot and King of the Hills mines in WA, while fellow goldminer Ramelius Resources also unveiled a new production plan.

A $21 billion merger of Santos and Oil Search looks set to proceed after the companies agreed to revised terms.

Poseidon Nickel has raised funds to progress the restart of its Black Swan mine and processing plant in WA as well as continue exploration activities.

Mitsubishi has acquired a 40 per cent stake in carbon developer Australian Integrated Carbon for an undisclosed sum.

The board of Cirrus Networks has rejected what is calls an inadequate takeover bid from Webcentral Group that valued the Perth-based IT services business at about $30 million.

Australian buy-now-pay-later group Afterpay has accepted a takeover offer from US digital payments giant Square in a deal worth $39 billion.

Cirrus Networks has become the second Perth-based IT services firm to receive a takeover offer in recent weeks, after Victoria's Webcentral Group made an on-market bid.