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ACCC approves Quadrant takeover

The competition watchdog has cleared Santos’ planned $2.9 billion takeover of Quadrant Energy despite concerns from some businesses in the Goldfields region about reduced competition for gas supplies.

Navitas battle just warming up

Navitas co-founder Rod Jones attacked the company’s earnings forecasts at today’s annual meeting, as chairman Tracey Horton was narrowly re-elected with 50.8 per cent of the vote.

Silver Lake and Doray in $421m gold merger

Local gold producers Silver Lake Resources and Doray Minerals have announced a merger to create a mid-tier company to be led by Silver Lake managing director Luke Tonkin.

Kin updates $10.4m offer

Gold explorer Kin Mining says it has received commitments from a group of unnamed shareholders to underwrite $8 million of its planned entitlement offer.

Northern Star lobs $150m deal to Tribune, Rand

Northern Star Resources has made a $150 million offer to move to full ownership of the East Kundana joint venture gold project near Kalgoorlie.

Cycliq to raise up to $2m

Perth-based Cycliq has announced plans to raise up to $2 million as the cycling products developer ramps-up its business in the lead up to Christmas.

Junior miners to raise $5m

Two local junior explorers have announced capital raisings, with Arafura Resources to launch a $3 million share purchase plan and Encounter Resources receiving a $1.8 million investment from Peter Bradford-led Independence Group.

Healthscope opens books to $4.5bn offer

Healthscope has opened its books to Brookfield Capital Partners after the private equity firm made a $4.5 billion play for the private hospital operator, trumping a rival offer already on the table.

Sheffield locks in engineering, debt deals

Sheffield Resources has confirmed GR Engineering Services will design and build the processing plant for the mineral sands-focused company’s Thunderbird project in the Kimberley.

Navitas rejects $2bn takeover

The board of Navitas has rebuffed a $2 billion takeover offer from a consortium of investors, which includes co-founder Rod Jones, saying the deal is well below its valuation of the education services company.

Ramelius lifts Explaurum offer to $73m

Ramelius Resources has increased its takeover bid for gold-focused Explaurum, with the miner making an indicative $73.4 million offer after its first proposal was rejected.

Woolies sells fuel stations in $1.7bn deal

Woolworths has announced the sale of its 540 petrol stations to UK-based EG Group for $1.73 billion, months after BP pulled out of a deal to buy the fuel business.

Hopkins to take charge at AMA

National automotive services business AMA Group has struck a $68 million deal with new investors, which includes a big share selldown by management, after Perth-based Andrew Hopkins became the company’s chief executive.

Salt Lake in $13m raising

Salt Lake Potash has tapped investors for $13 million to fund development of its Goldfields salt lakes project.

Jones retires from Navitas board

Navitas founder Rod Jones has stepped down from the board to manage his conflict of interest in relation to the $2 billion indicative takeover proposal for the education services company.

ACCC gives Nine, Fairfax merger the tick

The competition watchdog will allow Fairfax Media's $4 billion merger with Nine Entertainment to go ahead after deciding the move would not diminish competition in Australian news and media.

Golden State set for ASX debut after $4.6m IPO

West Perth-based Golden State Mining is set to list on the ASX tomorrow, after the company raised $4.6 million via an initial public offering.

WA govt in $190m PEXA windfall

The state government is set to receive nearly $190 million by selling its stake in online settlements company Property Exchange Australia.

Strandline in $3m raising

Strandline Resources has boosted its coffers with a $3 million capital raising to fund development its mineral sands projects in Tanzania and Western Australia.

Streeter backs two Perth explorers

Terry Streeter-chaired Moho Resources is set to list on the ASX tomorrow, while the experienced mining executive has also been appointed to the board of Chile-focused explorer Emu.

Westminster plans expansion with equity investment

Perth-based Westminster Insurance Brokers is confident of future growth after national player Coverforce took a minority stake taken in the business.

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