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Showing 1161 - 1170 of 2737 results for "Shareholders"

YBR rejects 'opportunistic' takeover bid

KARREN VERGARA  |  TUESDAY, 21 AUG 2018
... company and is opportunistic in its nature, timing and pricing." In the meantime, the YBR directors are advising its shareholders not to take any action whatsoever regarding their YBR Shares in response to the bid, he said. Bouris added that as the offer ...

Former Magellan executive appointed to Contango board

KANIKA SOOD  |  FRIDAY, 17 AUG 2018
... CGA) to acquire the remaining 53.75% shares in Switzer Asset Management. The directors are unanimously recommending shareholders vote in favor of the acquisition, as at August 12. This excludes Marty Switzer who, and his family members, have an interest ...

Pengana LIC profitable again

KANIKA SOOD  |  WEDNESDAY, 15 AUG 2018
... investment officer Jordan Cvetanovski and the board's focus on corporate expenses has delivered a good outcome for PIA shareholders," Pengana Capital Group chief executive Russel Pillemer said. "The PIA portfolio continues to be well placed not only ...

GAM to liquidate bond funds

JAMIE WILLIAMSON  |  MONDAY, 13 AUG 2018
... maximise liquidity and value for investors." GAM added that it is also looking to establish alternative structures for shareholders who want to remain invested with the ARBF team. Since Haywood's suspension, investment directors Jack Flaherty and Alex ...

Property fund makes $143m bid to internalise management

KANIKA SOOD  |  FRIDAY, 10 AUG 2018
The Aventus Retail Property Fund has floated a proposal to pay $143 million for its management functions to be internalised. The fund is currently managed by an external entity, and directors and its responsible entity see immediate benefits to earnings ...

TAL acquires Suncorp Life

JAMIE WILLIAMSON  |  THURSDAY, 9 AUG 2018
... the end of the calendar year, with Suncorp anticipating about $600 million of the sale price will be returned to shareholders. Completion of the transaction is expected to result in an after tax non-cash loss on sale of about $880 million in FY19.

CBA readies wealth demerger, records $9.2bn cash profit

DARREN SNYDER  |  WEDNESDAY, 8 AUG 2018
... offering. "We also continued to strengthen our balance sheet. This performance has supported a higher dividend for shareholders."

Boutique fund manager eyes second LIC

DARREN SNYDER  |  WEDNESDAY, 8 AUG 2018
... oversubscriptions of $100 million. There will also be a priority allocation for existing Cadence Capital Limited (ASX:CDM) shareholders. Announcing CDM's FY18 results, including after-tax profit of $41.2 million (up 12%%), chairman Karl Siegling said ...

Global fund manager replaces COO

KARREN VERGARA  |  FRIDAY, 3 AUG 2018
... research and seeks to invest in companies that can grow free cash flow and allocate it effectively for the benefit of shareholders. Epoch was established in 2004 and has about US$44.2 billion in assets under management. In Australia, Grant Samuel Funds ...

Aurora takes acquisition bid to Federal Court

KARREN VERGARA  |  FRIDAY, 3 AUG 2018
... "very troubled" Molopo failed to meet "serious disclosure" obligations by not taking greater care in communicating to shareholders it was the subject of a potential takeover. It added the acquiring control over voting shares in Molopo did not take place ...