Daily Roundup

RUL.ASX ABB.ASX PWR.ASX DOW.ASX DVP.ASX

Rpmglobal Holdings Ltd Shareholders to Consider Caterpillar Acquisition

RPMGlobal Holdings Limited (ASX: RUL) is holding a Scheme Meeting for shareholders to consider the proposed $5.00 per share acquisition by Caterpillar Bid Co, a subsidiary of Caterpillar Inc. The RPM Board unanimously recommends shareholders vote in favor of the Scheme, as it provides immediate and certain value at an attractive premium.

The key regulatory approvals from the Foreign Investment Review Board (FIRB) and the Australian Competition and Consumer Commission (ACCC) are progressing, with FIRB requesting an extension and the ACCC providing clearance. If approved, the transaction is expected to be completed on 18 February 2026.

Aussie Broadband Impacted by ACCC Voice Interconnection Ruling

Aussie Broadband (ASX: ABB) has announced the Australian Competition and Consumer Commission (ACCC) has released its final report on changes to regulated rates for voice interconnection services. The reductions to fixed termination rates will impact Aussie Broadband's revenue and profitability from FY27 onwards, with an estimated annualized EBITDA impact of $3 million in FY27 and $6 million in FY28.

Aussie Broadband will assess mitigation initiatives to offset the financial impact and continue to drive efficiency across the business to maintain its EBITDA margin target of at least 12.5% of revenue.

Peter Warren Expands with Wakeling Automotive Acquisition

Peter Warren Automotive Holdings Limited (ASX: PWR) has announced the acquisition of Wakeling Automotive, a large multi-franchised dealership group based in Macarthur, NSW. The $28 million acquisition will add 16 brands at 30 dealerships and is expected to be immediately earnings-per-share accretive.

The transaction marks a continuation of Peter Warren's disciplined consolidation strategy, bringing further operational and scale benefits in one of Australia's fastest-growing regions.

Downer Secures Lucrative NZ State Highway Maintenance Contracts

Downer EDI Limited (ASX: DOW) has been selected as the preferred contractor to deliver road network maintenance on state highways across four NZTA (New Zealand Transport Agency Waka Kotahi) contracts in New Zealand. The contracts, scheduled to commence in May 2026, have an estimated total revenue of approximately NZD$870 million.

The scope of works will include routine and non-routine inspections, pavement and surfacing renewals, drainage maintenance, and emergency response, confirming Downer's position as a leading road services business in New Zealand.

Develop Global Wins A$200 Million OceanaGold Contract

Develop Global Limited (ASX: DVP) has been awarded a A$200 million underground development contract by OceanaGold to establish access tunnels at the Waihi North Project in New Zealand. The five-year contract, commencing in the first half of 2026, will see Develop mobilize a local workforce and utilize its in-house team of experienced underground mining specialists.

The contract reflects the strength and depth of Develop's Mining Services division and its partnership with the highly regarded multi-national mining company OceanaGold.