The board of Cirrus Networks has continued to reject an unsolicited takeover proposal from Webcentral Group, after an independent expert deemed the offer unfair and unreasonable.
Pioneer Credit has named US investment group Carlyle as preferred bidder to acquire the business, at a price of $1.82 per share, a large discount to the company's latest closing price of $2.46 per share.
Navitas has disclosed that it will incur costs of about $20 million on its acquisition by a BGH consortium, including fees to professional advisers and extra payments to its directors and executives.
Perth-based Viburnum Funds looks set to receive roughly $31.4 million for its shares in Australian ophthalmology company Vision Eye Institute after Vision announced an agreed takeover bid by Chinese firm Jangho.
