US group Black Mountain Metals has threatened to walk away from its proposed $66 million takeover bid for Poseidon Nickel after the local company disclosed it was pursuing a substantial capital raising.
Privately-held US group Black Mountain Metals, which has recruited three experienced Perth mining executives to its leadership team, has flagged a takeover bid for Poseidon Nickel at six cents per share.
Ausdrill has announced its first major acquisition since the retirement of founder Ron Sayers last month, with the company set to purchase mining services contractor Barminco in a cash and scrip deal worth $271.5 million, while also announcing a $250 million capital raising.
Kerry Stokes looks set to accept a takeover offer for one of his agribusiness investments after private equity groups launched a friendly takeover bid for Australia's biggest honey producer, ASX-listed Capilano Honey.
Perth’s semi-professional baseball team, Perth Heat, has been purchased by a private consortium that is led by business executive Rory Vassallo and includes Eileen ‘Red’ Bond and broadcaster Christian Galapolous.