Daily Brief Australia: Generation Development Group L, Domain Holdings Australia , Verbrec and more

In today’s briefing:

Quiddity Leaderboard ASX Jun25: De Grey Mining Intra-Review Replacement + More Regular Changes
Domain Holdings (DHG AU): CoStar Returns with a Final NBIO at A$4.43
Verbrec Ltd – Unlocking the value in the tech

Quiddity Leaderboard ASX Jun25: De Grey Mining Intra-Review Replacement + More Regular Changes

In this insight, we take a look at the potential index changes for ASX 200, 100, 50, and 20 in the run-up to the June 2025 index rebal event.
We expect one change for ASX 50, one change for ASX 100, and two changes for ASX 200.
The official index changes will be announced after the close on Friday 6th June 2025.

Domain Holdings Australia (DHG AU) announced a final non-binding proposal from Costar Group (CSGP US) at A$4.43, a 5.5% premium to the previous A$4.20 offer.
The scheme vote is low-risk as Nine Entertainment Co Holdings (NEC AU) seems supportive. Nine suggested that the revised price would result in after-tax cash proceeds of A$1.4 billion.
While attractive to precedent transaction multiples, the revised offer remains light compared to peer multiples. Nevertheless, expect a binding proposal to be forthcoming.

Verbrec Limited (ASX:VBC) provides engineering, asset management, infrastructure services and training to the energy, mining, infrastructure and defence industries in Australia, New Zealand, PNG and the Pacific Islands.
The company has announced that its wholly-owned subsidiary StacksOn Operations Pty Ltd has entered into a Software Reseller Agreement with Datamine for Verbrec’s stockpile digital twin product StacksOn.
The product was developed in-house by Verbrec and commercialised in 2021 and is currently utilised by BHP at its iron ore mines and ports in Western Australia.

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