The board of Cirrus Networks has rejected what is calls an inadequate takeover bid from Webcentral Group that valued the Perth-based IT services business at about $30 million.
Cirrus Networks has become the second Perth-based IT services firm to receive a takeover offer in recent weeks, after Victoria's Webcentral Group made an on-market bid.
Belmont-based GenusPlus Group is making its second acquisition since listing on the ASX, having agreed to purchase assets from the administrators of Victoria’s Tandem Corp.
Goldminer Red 5 has agreed to sell its assets in the Philippines for $US19 million, in a bid to further focus on developing its King of the Hills project in WA.
Northern Star Resources has sold a large portion of its Kalgoorlie operations to Evolution Mining on the same day it appointed Stuart Tonkin as the goldminer’s new managing director.
Western Mines Group is the newest explorer to list on the ASX, with its share price lowering slightly ahead of planned drilling programs in Western Australia.
Strike Energy has bought $22 million worth of shares in joint venture partner Warrego Energy, effectively raising its exposure to the West Erregulla development in the Perth Basin.
