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Mergers and Acquisitions

Thread Community + Health deputy chief executive Rebecca Smith, chief executive Daniel Vujcich and chair Conrad Liveris.

The West Australian exclusive
The West Australian exclusive
Mergers and AcquisitionsCommentsPremium
The West Australian exclusive
WAAC and HepatitisWA merge after years of ‘overlap’

The two vital WA not-for-profits have melded to create a stronger entity, saying they are getting on the front foot rather than responding to a financial crisis.

Rebecca Le May

Cm3 software helps companies manage workplace risk.

Mergers and AcquisitionsCommentsPremiumWesfarmers strikes deal to sell software business Cm3

The business is being sold to British-based Achilles, a supply chain risk and performance management company that is itself owned by private equity giant Bridgepoint.

Sean Smith

The MTAA fears an IAG purchase of RAC Insurance will hurt smash repair shops.

BusinessCommentsPremiumMTAA demands IAG selldown as part of RAC Insurance purchase

The industry body has reiterated its opposition to the deal, dismissing new IAG concessions proposed as part of a new attempt to win over the ACCC.

Sean Smith

A proposed merger deal between Paramount and Warner Bros Discovery has been paused for a month. (EPA PHOTO)

merger, acquisition and takeoverPremiumJudge pauses Paramount-Warner Bros deal until August

Paramount Skydance says a delay in its proposed merger with Warner Bros Discovery could cost it ​more than $US1 billion.

Jody Godoy

IAG would immediately become the biggest home and contents insurer in WA.

Mergers and AcquisitionsCommentsPremiumIAG given little chance of winning ACCC’s RAC approval

UBS reckons the Australian Competition and Consumer Commission is unlikely to change its view that IAG’s $1.35 billion purchase of RAC Insurance is anti-competitive.

Sean Smith

The potential deal would have been chief executive Leah Weckert’s first major deal since taking the helm of the supermarket in 2023.

RetailCommentsPremiumColes abandons $4b deal to buy Petbarn owner Greencross

Coles has abandoned talks to buy Petbarn owner Greencross, a potential deal that had concerned some analysts and hammered shares in the supermarket giant.

Cheyanne Enciso

Investors feared a purchase of Petbarn would push the grocery chain into an already crowed petcare market.

RetailPremiumColes ends talks for divisive $4b takeover of Petbarn

Coles has ended discussions to buy the owner of the Petbarn chain, abandoning a potential deal that had concerned some analysts and weighed on the supermarket group’s share price.

Angus Whitley

Fleetwood’s Searipple workers village in Karratha.

MiningCommentsPremiumFleetwood snaps up Pilbara village, sells caravan parts arm

Fleetwood is paying $22 million for Bechtel’s 2169-bed Red Dog village, adding to the 1500 beds it already has in Karratha’s Searipple village and the Osprey camp in Port Hedland.

Sean Smith

Genesis Minerals Managing Director Raleigh Finlayson. He is pictured outside the Goldfields Arts Centre during the 2023 Diggers & Dealers Mining Forum on Wednesday August 9, 2023.

MiningPremiumGenesis locks in Vault deal, GR Engineering loses out

One local contractor lost a big chunk of work after Genesis Minerals and Vault Minerals officially shook hands on their $12.6 billion fusion.

Adrian Rauso

The proposed Paramount-Warner Bros Discovery deal is worth $US110 billion ($A158 billion). (EPA PHOTO)

merger, acquisition and takeoverPremiumTwelve US states sue to block Paramount-Warner deal

A lawsuit threatens to derail Paramount CEO David Ellison's bid to transform his company into a major ‌rival of Netflix and Disney.

Jody Godoy and Dawn Chmielewski

Vault Minerals’ King of the Hills processing plant.

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Regis bows out of Vault contest after Genesis’ superior bid

An eleventh-hour bid by Raleigh Finlayson’s Genesis Minerals to prize Vault Minerals away from rival Regis Resources has done the job.

Daniel Newell and Adrian Rauso

RAC chief executive Rob Slocombe and IAG boss Nick Hawkins, announcing the insurance tie-up 14 months ago.

Mergers and AcquisitionsCommentsPremiumIAG adds new conditions to RAC purchase to win ACCC approval

In a “remedy offer” lodged with the ACCC, IAG is now offering five-year undertakings to address concerns the purchase of WA’s market-leading motor and home and contents insurer would reduce competition.

Sean Smith

ResMed intends to use the proceeds to return capital to shareholders.

dealsCommentsResMed offloads software business at massive discount

The sleep health device manufacturer is selling its MatrixCare business to a US-based private equity firm for $707 million - 34 per cent less than what it paid eight years ago.

Rebecca Le May

Mike Ashley, founder of Frasers Group, has an estimated fortune of £3.437 billion ($A6.53b). 

Mergers and AcquisitionsCommentsBritish tycoon seeks intervention over Accent Group bid

The British retail behemoth run by billionaire Mike Ashley has asked Australia’s Takeovers Panel to intervene in its spurned, low-ball bid for the nation’s biggest footwear retailer Accent Group.

Rebecca Le May

Matrix chief executive Aaron Begley.

BusinessComments Matrix nears ASX exit after shareholders back $90m takeover

Henderson manufacturer Matrix is one court hearing away from leaving the ASX after shareholders overwhelmingly backed a $90m takeover.

Ryan Johnson

S&P points out that South32 will be involved in five commodities after the Alcoa deal, down from six.

Mergers and AcquisitionsCommentsPremiumCredit rating warning issued over South32’s mega Alcoa deal

A ratings agency has given its frank, first-blush view of South32’s sale of its aluminium assets to Alcoa, saying the multi-billion dollar deal will weaken its business risk profile.

Rebecca Le May

Genesis Minerals Managing Director Raleigh Finlayson. He is pictured outside the Goldfields Arts Centre during the 2023 Diggers & Dealers Mining Forum on Wednesday August 9, 2023.

MiningCommentsPremiumGenesis trumps Regis in battle for Vault

The King of the Hills gold mill near Leonora has proven too tempting for Raleigh Finlayson to ignore, with his Genesis Minerals lobbing a late bid to prize Vault Minerals away from rival Regis Resources.

Adrian Rauso and Rebecca Le May

Intelligent Monitoring Group offers 24-hour monitoring of electronic security systems, installation and maintenance of security systems and remote CCTV monitoring.

BusinessCommentsPremiumPerth security firm’s $346m UK debt bet

East Perth-based Intelligent Monitoring Group says the deal will nearly triple earnings, but the former Threat Protect roll-up is taking on a major debt facility to get there.

Ryan Johnson

Perpetual Ltd’s board rejected the offer from Windflower Pte Ltd, which it believes is indirectly controlled by Swedish private equity and venture capital firm EQT AB.

Mergers and AcquisitionsCommentsPremium Wealth management firm Perpetual knocks back Swedish bid

The investment advice company has rejected an unsolicited $2.5 billion takeover bid from an offshore entity controlled by EQT AB, saying it does not adequately represent fair value for shareholders.

Rebecca Le May

The Worsley Alumina operations south of Perth.

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Alcoa to buy South32’s Worsley as ‘cornerstone’ of $8b deal

South32 has shed its ‘crap’ company label, outgoing chief executive Graham Kerr declared in the wake of a bumper deal to sell its aluminium assets to Alcoa.

Adrian Rauso

Euroz Hartleys’ Perth trading office.

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Euroz Hartleys to sell flagship business to Bank of Montreal

Argonaut Capital boss Eddie Rigg said the Bank of Montreal deal would leave his firm as WA’s last locally-owned full service broker.

Sean Smith

Ramelius Resources managing director Mark Zeptner.

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Northern Star mine in play after Ramelius sells Edna May

Ramelius Resources has inked a deal to sell a mothballed gold operation for $300 million, growing the mid-tier producer’s financial muscle to snap up a Northern Star Resources mine.

Adrian Rauso and Rebecca Le May

There more than 700 Sports Direct stores globally but Accent’s planned Australian roll-out appears to have slowed.

RetailCommentsPremiumAussie shoe retailer rejects UK billionaire’s hostile bid

The nation’s biggest footwear retailer Accent Group has urged shareholders to reject a low-ball takeover bid by its biggest shareholder, British behemoth Frasers Group run by billionaire Mike Ashley.

Rebecca Le May

Mark Creasy.

MiningCommentsPremiumCreasy-backed CZR and Zuleika to join forces

Two ASX-listed mining companies that share billionaire prospector Mark Creasy as the controlling force are set to merge.

Adrian Rauso