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Showing 101 - 110 of 477 results for "Mainstream"

Apex ups ante on Mainstream bidding war

ANNABELLE DICKSON  |  WEDNESDAY, 19 MAY 2021
Mainstream has received an updated offer from Apex Group after it terminated discussions following a superior bid from SS&C. Apex has made a new offer of $2.65 cash per share, upping its prior bid by 10 cents and bidding 9 cents more than SS&C's ...

Mainstream bidding heats up

ANNABELLE DICKSON  |  THURSDAY, 6 MAY 2021
... coming in at $2.55 per share. SS&C has exercised its matching right and increased its bid to $2.56 per share for 100% of Mainstream shares. As such, Mainstream supports the further revised SS&C scheme and has terminated discussions with Apex. The directors ...

Mainstream posts record quarter

KANIKA SOOD  |  MONDAY, 26 APR 2021
... billion in funds under advice, as its Pendal win and inflows delivered a 21% uptick in FUA from the previous quarter. Mainstream has 348 clients and 1042 funds at March end, up 1% (five new net clients) and 13% (162 net new funds) respectively from the ...

Mainstream moves forward with SS&C

ANNABELLE DICKSON  |  MONDAY, 19 APR 2021
Mainstream is pursuing a scheme of arrangement with SS&C Technologies Holdings after Vistra missed its deadline to match or provide a superior offer. The Mainstream board unanimously recommends the SS&C proposal on the basis that it is a superior offer ...

Mainstream obtains superior takeover offer

ANNABELLE DICKSON  |  TUESDAY, 13 APR 2021
... offer more favourable terms. SS&C Technologies Holdings has now entered a conditional scheme implementation deed with Mainstream to acquire 100% of the company at $2 per share, valuing Mainstream at $285.7 million. The valuation is 25.8x Mainstream's ...

Investment bonds a good alternative to Wills: GDG

KANIKA SOOD  |  FRIDAY, 26 MAR 2021
... may be challenged in court and trusts, and can be expensive to establish and run. "Investment bonds are becoming very mainstream in the adviser community," she said. "They're very simple to set up and easy to maintain. Certainly no headaches, no ...

AFCA left toothless on Mayfair complaints

ELIZABETH MCARTHUR  |  MONDAY, 22 MAR 2021
... said. "The law also doesn't prevent direct advertising to sophisticated investors. Mayfair was on Google and in mainstream newspapers with full page ads for a long time there. If it's aimed at sophisticated investors, why would it be advertised ...

Mainstream to be acquired for $170m

ELIZA BAVIN  |  TUESDAY, 9 MAR 2021
Mainstream has announced it entered a scheme of implementation deed with Vistra to acquire 100% of the company for an implied value of $170 million. The offer of $1.20 per share represents a 300% increase over Mainstream's share price at IPO in October ...

Crypto chosen over defensive assets

ANNABELLE DICKSON  |  WEDNESDAY, 24 FEB 2021
... is too volatile or expensive, and 20% lack the knowledge and understanding. "Cryptocurrencies like Bitcoin are now mainstream in the US, UK, Hong Kong and Singapore as a result of a more innovative and progressive regulatory framework in those countries," ...

Mainstream to pay $5.1m settlement

KARREN VERGARA  |  FRIDAY, 19 FEB 2021
Mainstream BPO is due to pay $5.1 million as part of a confidential settlement agreement affecting its US hedge fund administration subsidiary. The ASX-listed firm said it agreed to pay US$3.95 million to a US District Court-appointed receiver of a ...