One deal, one number and one read for mid-market owners and investors. Short enough for a Monday coffee.
1,271
Special report
November 7, 2026
Canva, Heidi Health and NAB all cut staff in the same week, months after Culture Amp’s third round. What the cuts say about valuations, capital raising and how buyers will diligence software.
$5.45
Deals
November 2, 2026
Warburg Pincus called its Ingenia price best and final, then raised it. Frasers says it means it at Accent. Challenger said no to $11.80.
$22.4b
October 26, 2026
Four ASX takeovers moved on the same day. Three of the buyers are offshore, the fourth is private equity, and the cash rate is 4.60%.
5–6%
October 25, 2026
Chris Joye sees a recession, more rate hikes and private credit pulling back. The Budget's CGT change lands on 1 July 2027. For founders, both clocks are running.
$385m
Media
October 19, 2026
The acquirer is asking shareholders to adopt the target's name: Seven Media Group, ticker SMG. In media, the brand is the asset.
$44b
IPOs
October 12, 2026
Firmus wanted about $7 billion at a $44 billion valuation. After a soft book and talk of a lower price, it pulled the offer and went back to private money.
68%
October 5, 2026
A 68% premium for a Brazilian rare earths project, paid entirely in Lynas scrip. The market marked Lynas down 7% on the day.
$38.7b
September 28, 2026
An unsolicited cash-and-scrip proposal at $27 a share, rejected on day one. The shares closed 13% short of it.
15%
Healthcare
June 22, 2026
Bupa has agreed to buy Partnered Health's 71 clinics, six months after Medibank bought Better Medical. Sigma, meanwhile, looked at Boots and walked.
