(Adds Oil Search-Santos, removes Altium-Autodesk)
July 15 (Reuters) - Australia is seeing a flurry of deal-making so far this year, as record-low interest rates have given institutional investors and companies a well-funded war chest to chase higher valuations.
From potentially one of Australia's biggest-ever buyouts to a multi-party tussle for a troubled casino giant, here are some of the major deals Down Under in 2021:
Vocus Group - Macquarie/Aware Super Vocus Group (VOC) in March agreed to a A$3.5 billion ($2.61 billion) takeover offer from a consortium of a Macquarie (MQG) fund and pension fund Aware Super.
Orocobre - Galaxy Resources Orocobre Ltd (ORE) in April agreed to buy Galaxy Resources (GXY) for $1.4 billion to create the world's fifth most valuable lithium producer.
BINGO Industries - Macquarie Waste management firm BINGO Industries (BIN) in April agreed to a A$2.3 billion ($1.72 billion) buyout offer from funds managed by Macquarie (MQG) .
Tilt Renewables - PowAR/Mercury NZ New Zealand-listed Tilt Renewables (TLT) in April agreed to a NZ$3.07 billion ($2.15 billion) bid from a consortium including AGL Energy (AGL) , Australia's sovereign wealth fund, and Mercury NZ (MCY) .
Tabcorp - Entain/Apollo Global/Betmakers UK's Entain ENT.L in February offered to buy betting firm Tabcorp Holdings' (TAH) wagering and media business. In April, it sweetened its offer to A$3.5 billion ($2.61 billion).
In May, Apollo Global Management APO.N matched Entain's offer, and BetMakers Technology (BET) jumped in with a A$4 billion ($2.98 billion) bid.
Crown Resorts - Blackstone/Star Entertainment Casino giant Crown Resorts (CWN) in March received a A$8 billion ($5.97 billion) buyout proposal from Blackstone BX.N and a A$9 billion ($6.71 billion) all-stock offer from peer Star Entertainment Group (SGR) in May.
Oaktree Capital Group
OAK_pa.N is also in the race for Crown.Washington H Soul Pattinson - Milton Corp Australia's Washington H Soul Pattinson (SOL) said in June it will buy Milton Corp (MLT) in a deal that values the target at A$4.05 billion ($3.02 billion).
Ramsay Health Care - Spire Healthcare Hospital operator Ramsay Health Care (RHC) said in May it would buy British peer Spire Healthcare SPI.L for 1 billion pounds ($1.38 billion).
In July, Ramsay sweetened its bid to 1.04 billion pounds ($1.44 billion).
Boral - Seven Group In May, diversified investor Seven Group (SVW) offered to buy shares it does not already own in Boral (BLD) , valuing the building materials supplier at $6.23 billion.
In July, Seven raised its offer to A$8.75 billion ($6.53 billion), which was rejected.
National Australia Bank - Citigroup National Australia Bank (NAB) , the country's third-largest lender, said in July it was in talks with Citigroup C.N to buy the U.S. bank's Australian consumer business.
Sydney Airport - Sydney Aviation Alliance A consortium called Sydney Aviation Alliance in July made a A$22.26 billion ($16.61 billion) play for Sydney Airport Holdings (SYD) . If the deal goes through, it will be one of the biggest ever in Australia.
Spark Infrastructure - KKR/Ontario Teachers' Pension Plan Board
In July, Spark Infrastructure (SKI) received a A$4.91 billion ($3.67 billion) takeover bid from a consortium including KKR KKR.N and Canada's Ontario Teachers' Pension Plan Board.
Oil Search - Santos Papua New Guinea-focused oil and gas producer Oil Search (OSH) in July rejected Santos Ltd's (STO) A$8.80 billion ($6.5 billion) bid, but said it was open to revised offer.
- Forums
- ASX - By Stock
- TAH
- News: TAH Record-low rates spur Australia M&A frenzy in 2021
TAH
tabcorp holdings limited
Add to My Watchlist
2.03%
!
72.5¢

News: TAH Record-low rates spur Australia M&A frenzy in 2021
Featured News
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
|
|||||
Last
72.5¢ |
Change
-0.015(2.03%) |
Mkt cap ! $1.657B |
Open | High | Low | Value | Volume |
74.0¢ | 74.5¢ | 72.5¢ | $1.735M | 2.379M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
10 | 91691 | 72.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
72.5¢ | 31639 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
10 | 91691 | 0.720 |
2 | 39200 | 0.715 |
3 | 19226 | 0.710 |
8 | 30482 | 0.700 |
1 | 9100 | 0.695 |
Price($) | Vol. | No. |
---|---|---|
0.725 | 31639 | 1 |
0.730 | 11181 | 2 |
0.735 | 62056 | 2 |
0.740 | 55000 | 1 |
0.750 | 22202 | 5 |
Last trade - 16.12pm 08/08/2025 (20 minute delay) ? |
Featured News
TAH (ASX) Chart |