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Showing 1191 - 1200 of 1948 results for "Proposal"

ACCC postpones Perpetual and Trust merger ruling

MARK SMITH  |  THURSDAY, 4 JUL 2013
... 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 Company shares, equivalent to $8 per share. EQT previously offered 33 EQT ...

ASIC urged to extend 'wet signatures' exemption

MARK SMITH  |  WEDNESDAY, 3 JUL 2013
... intermediary in the primary market based asset class," she said, urging the industry to make submissions in support of the proposal before the July 11th deadline. She wants to see the relief extended to all responsible entities of registered schemes ...

Wilson HTM MD resigns on securities buyout plans

ALICE URIBE  |  TUESDAY, 2 JUL 2013
... Group Ltd (Wilson HTM) managing director Andrew Coppin has resigned after the board saw a conflict of interest in his proposal to buy out the company's security business. The board agreed that any buy out would be inappropriate while Coppin held the ...

Trust now looking at revised EQT offer

LAURA MILLAN  |  FRIDAY, 28 JUN 2013
... offering to give shareholders 37 EQT shares for every 100 TRU shares, as well a special dividend of 22 cents. The Perpetual proposal offers 0.1495 Perpetual shares for each share held in The Trust Company, equivalent to $6.17 per share. Shareholders ...

WHK renames to Crowe Horwath

LAURA MILLAN  |  FRIDAY, 28 JUN 2013
... WHK rival company SFG Australia started discussions for a potential merger in October 2012. SFG handed a non-binding proposal for a "merger of equals" that would have ended up with WHK shareholders owning 42% of the merged group, according to SFG. SFG ...

But industry bodies see FoFA delay "unlikely"

LAURA MILLAN  |  FRIDAY, 28 JUN 2013
... super advice. However, the shadow minister for Superannuation and Financial Services Mathias Cormann welcomed Brogden's proposal. "The implementation of FoFA and Stronger Super clearly should be extended by 12 months," Cormann said. "It is highly undesirable ...

EQT formalises improved offer for The Trust Co

LAURA MILLAN  |  FRIDAY, 21 JUN 2013
... acquire The Trust Company, despite the recommendation from The Trust Company board that shareholders accept the Perpetual proposal. In a letter to The Trust Company shareholders, EQT asked them to refuse Perpetual's proposal. EQT revealed that The Trust ...

ASIC relaxes HFT and dark pool proposals

MARK SMITH  |  TUESDAY, 18 JUN 2013
The Australian Securities and Investments Commission (ASIC) has relaxed parts of its proposed rule changes for dark pools and high-frequency trading (HFT) after extensive consultation with the industry. ASIC will not go ahead with proposals to rest ...

AQUA II poses a challenge to wraps

JAMES FERNYHOUGH  |  MONDAY, 17 JUN 2013
The launch of the ASX Managed Funds Service (AMFS) - informally known as AQUA II - may be on the horizon following the release of a consultation paper by the Australian Securities and Investments Commission (ASIC). Widely seen as an alternative to big ...

FIRST Super questions fairness of Coalition's super board quota policy

JAMES FERNYHOUGH  |  FRIDAY, 14 JUN 2013
... independent. Under the Coalition's plans, this would have to change. There is another issue that goes beyond the fairness of the proposal - and that is, how to define 'independent'. Macquarie Group Limited, which has a majority of 'independent' board ...