Neon Energy has backed out of a merger agreement with MEO Australia after Evoworld Corporation agreed to make a revised off-market takeover offer for 50 per cent of the shares it doesn't already own in the oil and gas producer.
Two of Perth's top radio stations are under new ownership after Fairfax Media sold 96FM for $78 million and merged its other national radio assets, including 6PR, with Macquarie Radio Network.
The ASX-listed parent company of law firm Rockwell Olivier has been placed in administration, opening up the possibility of its partners buying back the business.
Shares in Perth company Resource Equipment have climbed 85.7 per cent today after the board recommended a cash takeover offer valuing the company at $115.5 million.
Vocus Communications has been successful in its bid to take over Amcom Telecommunications with the pair agreeing to a deal valuing Amcom at $652.7 million.
Local engineering and construction business Valmec will purchase the Australian subsidiary of US oil and gas services giant Exterran, funding the purchase through cash reserves and additional debt.
Engine technology developer Orbital Corporation plans to raise $10 million via a convertible note issue to fund its acquisition of electrical product manufacturer REMSAFE.
Perth-based residential rentals-dedicated website rent.com.au is going public, unveiling a $10 million-plus plan to list on the Australian Securities Exchange via a backdoor listing through Select
Construction giant Leighton is handing over a 50 per cent share in its services operations to a US investment firm in a deal valuing the business at $1.075 billion.
Woodside Petroleum has substantially reshaped its project portfolio after buying a minority interest in Chevron's half-built Wheatstone LNG plant, postponing its planned Browse LNG project and acquiring a stake in a Canadian LNG development.
Peninsula Energy has secured $69.4 million in fully underwritten institutional funding for its Lance projects in Wyoming, enabling the company to transition to a uranium producer in 2015.
Mineral developer IMX Resources will sell part of its Ntaka Hill nickel mine to Mauritius-based private equity company Fig Tree Resources Fund II, with plans to use the cash to fund its nearby graphite project.
Banks should be forced to hold more capital in order for them to impress their offshore creditors, the head of the government's financial system inquiry says.
US-based logistics giant Iron Mountain is bemused with Australian data management business Recall Holdings' dismissal of its $2.2 billion takeover offer.
The board of global drinks giant The Coca-Cola Company has approved a proposed $US500 million ($A540.98 million) investment in Australian subsidiary Coca-Cola Amatil's Indonesian business.
Nido Petroleum has launched a $US108 million ($130 million) bid for Otto Energy's share of the Galoc oil field, coming in ahead of a recent proposal by Risco Energy International.
Gold developer Norton Gold Fields has taken a stake of 10.8 per cent in Phoenix Gold, but has clarified it has “no present intention to make a takeover offer”.
Blackgold International Holdings has negotiated terms for a $S25 million ($A22.9 million) convertible bond issue, to supplement working capital and for acquisitions.
Shares in Geopacific were up 9.3 per cent today as the company announced a $3 million rights issue, with the company planning to step up exploration activity at its Cambodian Kou Sa project.
Western Australia's first ever uranium mine could be a step closer towards completion, with uranium developer Toro Energy completing a $3.9 million raising to fund its Wiluna project.
