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

Search Results

Showing 1201 - 1210 of 1259 results for "Takeover"

NAB chief leaves open on-market AMP share buying option

WITH AAP  |  TUESDAY, 2 SEP 2003
National Australia Bank Ltd (NAB) chief executive Frank Cicutto today left open the option of buying more shares in takeover target AMP Ltd on-market. Speaking to journalists after addressing the Australian Shareholders Association, Mr Cicutto said ...

Wheat exporter AWB to pay $825 million for Wesfarmers Landmark

... division with Lumley Insurance. The $825 million deal, announced late on Friday, ends speculation that AWB was planning to takeover Futuris' rural interests in Elders. The AWB purchase includes Wesfarmers Landmark's 430-branch network, with around $1.5 ...

AMP shares to open higher on suspected takeover bid

Shares of besieged insurer AMP are expected to open sharply higher this morning, following confirmation last night two Australian brokers had been instructed to purchase 174 million shares, or 15% of the group, at $5.60. The identity of the buyer has ...

Morning market wrap: Local shares to get boost from raid on AMP

... levels. The Australian share market is set to get a boost in early trade following the launch last night of suspected takeover activity against besieged insurer AMP limited. JB Were and Citigroup Smith Barney confirmed they had received an order to buy ...

NAB declares interest in AMP

... "We would only be concerned if the purchase of shares reached about 15% of the total or if it was an outright bid for takeover of AMP by NAB." Several of the competing banks refused to comment outright on the bid. "We are not interested in any way," ...

Afternoon market wrap: Resources push local market higher

... retuned to those areas hit by the blackout. Winemaker Southcorp also jumped 17c to $3.12 on speculation of an imminent takeover by Fosters. The bond market withstood small rises in US yields and a stronger domestic share market, with the yield on the ...

Investa extends POF takeover offer period

Investa Property Group has extended its offer period for takeover target Principal Office Fund (POF), it has announced. Investa, who now holds a 55.65 per cent stake in POF, said it would extend the period for its takeover offer to 1 September. It was ...

S&P leaves POF ratings on CreditWatch

WITH AAP  |  THURSDAY, 14 AUG 2003
... CreditWatch with negative implications after its responsible entity recommended acceptance of Investa Property Group's (IPG) takeover offer. As of today, IPG held more than 50 per cent of POF's units on issue, and now has control of the fund. IPG's unconditional ...

Investa closes in on 50% interest in POF

Investa Property Group is closing in on obtaining a 50 per cent stake in takeover target Principal Office Fund (POF), it has announced to the market. Investa said today it had now claimed a 44.90% interest in the office fund. Investa snatched up the ...

Investa increases POF interest to 39.7%

WITH AAP  |  MONDAY, 11 AUG 2003
Listed property trust Investa Property Group said today it had acquired a nearly 40 per cent interest in its takeover target Principal Office Fund (POF), increasing its relevant interest in POF to 39.7%, after last week upping its bid for the office ...