Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 1131 - 1140 of 2020 results for "BID"

'Business as usual' for Perennial despite legal bid

MARK SMITH  |  TUESDAY, 23 JUL 2013
Fund manager Perennial has said its 'business as usual' despite a failed bid for $35 million in unpaid fees by three former directors. Executives Mike Crivelli, Anthony Patterson, John Murray and Kerry Series originally sold their 21.85% stake in Perennial ...

EQT extends offer period for The Trust Company

LAURA MILLAN  |  MONDAY, 22 JUL 2013
Equity Trustees (EQT) have extended the period of their offer to acquire The Trust Company by more than one month. In a letter sent to The Trust Company shareholders, EQT said that the offer will now close on September 30. EQT also confirmed that meetings ...

Super pioneer advances innovative infra funding model

JAMES FERNYHOUGH  |  THURSDAY, 18 JUL 2013
Industry Funds Management (IFM) chair and superannuation pioneer Garry Weaven has laid out an 'alternative model' for investing in infrastructure, focusing on long-term value and transparency. The model is based around the principle that there should ...

Henderson to grow local presence through "buy and build" approach

MARK SMITH  |  TUESDAY, 16 JUL 2013
... meeting at its new Sydney office. Gaden said Henderson was in discussions with a number of boutique active fund managers in a bid to build "meaningful minority stakes" in businesses which it feels will add additional capabilities not already offered ...

Labor and Libs joust over small business super contributions

JAMES FERNYHOUGH  |  THURSDAY, 11 JUL 2013
... Coalition has proposed a change to the way small businesses make superannuation contributions on behalf of their employees, in a bid to ease "the red tape burden." The short statement read: "The Coalition will give small business the option to remit ...

ACCC postpones Perpetual and Trust merger ruling

MARK SMITH  |  THURSDAY, 4 JUL 2013
... be taken over by the listed fund manager in a deal worth an expected $220 million. Equity Trustees (EQT), who first made a bid for Trust in February, upped its offer by 12% in response. Its revised proposal offers 37 EQT shares for every 100 The Trust ...

Trust expects buyout talks to impact profit

LAURA MILLAN  |  WEDNESDAY, 3 JUL 2013
... the momentum established in the second half of FY13," the board said. On February 2013 The Trust Company received a takeover bid from EQT and in May the board announced that it had entered into a scheme implementation agreement with Perpetual. However ...

ISN welcomes new National Infrastructure Plan

JAMES FERNYHOUGH  |  WEDNESDAY, 3 JUL 2013
... concerns over impediments to investment, outlined in a recent paper by the ISN. "The report acknowledges the need to reform bid processes to reduce costs and barriers to entry and structure projects in a way so that risks and returns are sustainable ...

Market Wrap AM

AAP  |  THURSDAY, 27 JUN 2013
... sigh of relief after the People's Bank of China (PBoC) late on Tuesday said it had made money available to some firms in a bid to prevent a cash crunch that had sent shares into a tailspin. However, Japanese shares gave up initial gains and ended in ...

Chi-X saved investors $215 million in first year

MARK SMITH  |  TUESDAY, 25 JUN 2013
... unequivocally that the industry has saved money overall, even taking into account ASIC's cost recovery program." Focusing on bid/ask spreads, the study found that quoted, realised and effective spreads had declined since Chi-X was introduced. "The more ...