Deals

Southern Cross Electrical Engineering will raise $32 million through a share placement to provide working capital as the company’s order book continues to expand.

Shares in energy giant Santos have soared to a 15-month high after the company confirmed it recently rejected a takeover offer from a major US investor worth almost $9.5 billion.

Struggling marine services company MMA Offshore will raise nearly $100 million to repay debts and repair its balance sheet, despite opposition from major shareholder Halom Investments.

Sydney-based gas producer AWE will raise $38 million via a share placement to fund the next stage of the Waitsia gas field project in the Perth Basin.

Interior design and construction firm Habitat 1 has been purchased by Broome-based builder Brolga Developments & Constructions.

Perth-based travel company Holiday Planet has been sold to UK firm Image Cruising, which is majority owned by international travel giant Emirates Group.

Myanmar Metals has announced a $7 million capital raising that will allow the company to extend the option over its Bawdwin project until May next year and fund ongoing expenses.

Royal Dutch Shell has sold its entire shareholding in Woodside Petroleum for $3.5 billion, after strong demand from institutional investors prompted the energy giant to upsize its previously announced sell-down.

Shares in Subiaco-based Lustrum Minerals are due to start trading tomorrow after the company completed a $5 million initial public offering to allow the company to fund development of its coal projects in Queensland.

Western Australia’s three largest dairy producers are now under foreign ownership, after Brownes was sold to a consortium of investors that includes Chinese dairy operator Shanghai Ground Food.

OZ Minerals has progressed its joint venture with local explorer Cassini Resources at the West Musgrave nickel-copper project after positive results in a further scoping study.

A newly established company led by a group of Perth oil and gas executives aims to become a major supplier to the domestic gas market after buying the offshore Equus gas fields from US company Hess Corporation.

US media giant CBS's $41 million takeover of the Ten Network can proceed, with a court approving the transfer of all shares in the local network to the American company.

Mineral Resources has acquired Empire Oil & Gas’s Perth Basin assets, including the Red Gully processing plant, just more than a month after the energy junior entered administration.

Peel Mining has announced completion of a $6 million share placement to fund work on its zinc-lead project while Triton Minerals has launched an entitlement offer for the same amount.

The board of Kalgoorlie-based bank Goldfields Money has knocked back a fresh takeover bid from Brisbane financial business Firstmac Holdings, which valued the company at $1.27 per share.

Eastern Goldfields has announced a conditional deal with an international asset manager to raise up to $30 million, with the proceeds used to maintain operations at the company’s Davyhurst gol

Shares in technology business Structural Monitoring Systems were up 18 per cent today after the company announced a $10 million acquisition of Canadian company Aerodyne Electronics Manufacturing Corporation, and completion of a $13 million raising.

Synergy intends to develop up to 280 megawatts of renewable energy projects in WA by 2020 after the McGowan government approved plans for a private investor to acquire a majority stake in its existing wind farm and solar farm and in two new projects.

Australian Mines has raised $20 million through a strongly supported share placement, while denying any involvement in the leaking of details regarding the placement to the media.

The independent directors of Finders Resources have questioned some of the claims and assumptions used by Indonesian group Eastern Field Developments, which has announced a takeover offer for the West Perth company.

Perth-based Altech Chemicals has received firm commitments for a $17 million capital raising to fund ongoing development of its high-purity alumina plant in Malaysia.

WA company SilverYachts, which is one of three major boat builders at Henderson, is planning to establish international operations after a Chinese aluminium manufacturer bought a majority stake.

CTI Logistics has acquired national business Jayde Transport in an all-cash deal worth up to $7.5 million, as it seeks to lessen its reliance on the local market.

Medical technology company Admedus has attracted investment group Partners for Growth for a $10 million debt facility, as it continues development of its products.

Local graphite companies Volt Resources and Sovereign Metals have announced plans to raise a combined $45.4 million from investors to fund development of their operations in Africa.

Local gold explorers Echo Resources and Kairos Minerals have raised a combined $22 million from investors to fund ongoing work at their respective projects in Western Australia.

Sheffield Resources has tapped investors for $32 million to fund ongoing development of its Thunderbird mineral sands project in WA.

Africa-focused gold explorer Cardinal Resources has attracted an equity deal through brokerage firm Clarus Securities for a $C12 million ($A12.2 million) investment in the business.

Industrial business Schaffer Corporation has sold its Urbanstone manufacturing subsidiary to Brickworks for $13.5 million.

Phosphate explorer Avenira has announced plans to raise up to $15 million from investors, while flagging another ‘significant’ capital raising in the coming year for its Baobab project in Senegal.

Local company Dreamscape Networks has entered into an agreement to acquire Sydney-based Enetica Group for $4.4 million in cash.