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Showing 1051 - 1060 of 2018 results for "BID"

SFGA top exec leaves following IOOF bid

LAURA MILLAN  |  FRIDAY, 30 MAY 2014
SFG Australia (SFGA) company secretary and chief financial officer will depart to take up a position with Commonwealth Bank (CBA), only two weeks after IOOF made an offer to acquire SFGA. Linda Fox will start on her new role at CBA on July 11 but will ...

Pohl launches mandate hunt as non-compete clause expires

MARK SMITH  |  THURSDAY, 22 MAY 2014
... rating from Zenith and is in the process of being reviewed by van Eyk. The group is also in talks with Mercer and JANA. In a bid to attract the larger end of town, Pohl hinted that investment fees could be made attractive for the right clients. "Fees ...

IOOF secures strong advice channel with SFGA bid

LAURA MILLAN  |  FRIDAY, 16 MAY 2014
The IOOF bid to acquire all of SFGA shares would result in a non-aligned advice business larger than those of NAB, Westpac and ANZ. IOOF offered 0.104 shares for each SFGA share, which implies a value of $0.90 per SFGA share. The SFGA Board unanimously ...

Budget a 'missed opportunity': ISA

JAMES FERNYHOUGH  |  TUESDAY, 13 MAY 2014
... those measures in the budget." He also said he was hopeful that federal and state governments would be open to the 'inverted bid model' for green field infrastructure projects proposed by industry super funds. Shadow Treasurer Chris Bowen, however, called ...

Market wrap PM

AAP  |  FRIDAY, 9 MAY 2014
... Natural gas distributor Envestra soared 20 cents, or 17.7 per cent, to $1.33. Enestra is the target of a $2.37 billion takeover bid from a Hong Kong consortium, rivalling a $2.1 billion offer from a local gas distributor. News Corporation jumped 45 cents ...

The Infrastructure Fund looking to add to Port of Newcastle purchase

MARK SMITH  |  TUESDAY, 6 MAY 2014
... whereby the unitholders are now the legal owners of their own trust. TIF manager Hastings Funds Management managed the winning bid on TPCG's behalf. "The successful acquisition of the 98-year lease of the Port of Newcastle is TIF's largest investment ...

Citi wins custody of Norway's Oil Fund

JAMES FERNYHOUGH  |  TUESDAY, 6 MAY 2014
... custodian, after NAB, JP Morgan and BNP Paribas. This win over JP Morgan resembles, on a much grander scale, Citi's successful bid to replace JP Morgan as custodianA to $14 billion industry fund HOSTPLUS last year.

Market Wrap AM

AAP  |  TUESDAY, 6 MAY 2014
... disappointing signals in quarterly results and a hint it might take its push to buy Britain's AstraZeneca to shareholders, turning the bid hostile. LONDON - Europe's main stock markets ended mixed, with worries about the possible economic impact of the ...

Market wrap

AAP  |  MONDAY, 5 MAY 2014
... or 37.14 per cent, to $3.36 after rail operator Aurizon and Chinese steelmaker Baosteel Resources launched a $1.42 billion bid for the iron ore miner.

Custodians fight hard for big super deals

JAMES FERNYHOUGH  |  MONDAY, 5 MAY 2014
... when Financial Standard gave J.P. Morgan the chance to deny that it had given Cbus a fee holiday as part of its successful bid to replace NAB Asset Servicing as custodian in November last year, they declined to comment. The fact that custodians are providing ...