Deals

AGL Energy has rejected a takeover offer from a consortium led by tech mogul Mike Cannon-Brookes, but market experts say it's just a starting bid.

Superior Lake Resources will undergo a name change amid plans to develop a large-scale solar energy project in WA’s South West.

Bill Beament-led Develop will pay up to $100 million for Heron Resources and the Woodlawn copper-zinc mine in NSW, seven months after the developer went into administration.

The $8 million purchase of the 47-hectare Brookfield Estate was the developer’s first in WA.

HIF members will be able to access RATs at a discounted price following a partnership struck between the health insurer and the state’s branch of the Australian Medical Association.

Liontown has struck a five-year lithium concentrate supply deal with electric vehicle manufacturer Tesla.

Andrew and Nicola Forrest will add the East Pilbara Balfour Downs pastoral station to their growing suite of WA investments through their agribusiness, Harvest Road Group.

Shenghe Resources is set to become a major shareholder in Tanzania-focused Peak Rare Earths after buying a 19.9 per cent stake in the company for well above market price.

Shares in Subiaco oil play 88 Energy were down 14 per cent on the back of announcing a completed $32 million capital raising offered to institutional and sophisticated investors.

Global private equity group Blackstone has won the battle to take over Crown Resorts for almost $9 billion, barring no better offer emerging.

Westbridge Funds Management has added a 55,723 square metre site in Welshpool to its portfolio, acquiring the industrial asset for $37 million.

The Western Force has named engineering group Altrad Services as its new principal partner, with the four-year deal starting this Super Rugby season.

Jarra Property has shored up its development pipeline by offloading some of its assets.

Australia’s competition regulator has given the all clear for Wesfarmers to acquire Australian Pharmaceutical Industries, a key condition needed to close the deal.

Perth business Western Plant Hire is expanding its mining services fleet, having partnered with heavy earthmoving equipment and services provider MacKellar Group.

Rockingham-based WA Kaolin has garnered $12 million via a placement and loan facility to fund the second stage of its Wickepin kaolin project southeast of Perth.

Perenti business idoba is partnering with Japan’s Sumitomo Corporation to create sustainable mining services products while completing two local acquisitions.

Bullseye Mining is mulling two takeover offers after shareholder Au Xingao tabled a $155 million cash offer for the target, competing with an existing scrip proposition from fellow shareholder Emerald Resources.

Little Green Pharma has revealed plans to demerge its psychedelics business into a separate unlisted entity, while forming a research partnership with Curtin University.

Northfleet Transport has made its third acquisition in recent months by adding Vasse-based Cape Crane Hire to its business.

The deal extends the relationship between the two parties on one of the nation’s busiest flight paths.

A local investor purchased the 1.14-hectare site from Eames & Associates.

Philippines-focused Medusa Mining is expanding its operations, having announced plans to acquire tenements in central Queensland.

Western Force has inked its seventh partnership in recent months, with tyre manufacturer Goodyear Australia to sponsor the men's team in the 2022 Super Rugby Pacific season.

A private east coast investor has bought the Humich Canning Vale Portfolio in a $14.85 million deal.

Longstanding family business MG Kailis Group has agreed to sell its WA fishing assets to Sea Harvest Group for $70 million, with Alex Kailis to lead the buyer’s Australian branch.

The 5.6-hectare site, previously owned by CY O'Connor's descendants, will be developed into 85 residential lots and public open space.

Cbus Super is set to acquire a sizeable stake in Jandakot Airport as part of a new joint venture with existing owner Dexus.

Osborne Park-based Veris has struck a $30 million deal with Telstra, sending the surveying company's shares up by more than 25 per cent.

Potash hopeful Agrimin has sought further funds needed to develop its $637 million Mackay project in the Pilbara, as the company closes in on a final investment decision.

West Perth-based Haranga Resources has relisted on the stock exchange after nearly two years off the boards, with its shares closing up 30 per cent.

MCS Services has acquired Carlisle-based Highways Traffic for an initial estimated $2 million in a move to diversify from its WA security offerings.