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Showing 1231 - 1240 of 1259 results for "Takeover"

Centro, Westfield request trading halts pending announcements

... Earlier this month Centro won a ruling from the Takeovers Panel, which cleared the way for its planned $1.32 billion takeover bid for AMP Shopping Centre Trust (ART). AMP Life subsequently failed in its appeal to the Takeovers Panel to overturn the decision. ...

Principal Group tipped to launch counter bid for POF: Analysts

... on Investa's five-day weighted average trading price to Friday's close. The Investa bid is the latest in a series of takeover activity in the $50 billion property trust sector. Westfield Trust last week announced a $1.9 billion bid for AMP Shopping Centre ...

Westfield agrees $735.5 million three centre deal with Centro

... billion. WFT said that its distribution per unit growth is expected to increase to 3.75% for 2003 and 2004, assuming the ART takeover is completed by July 1. WFT will use the money as part of the funding for the purchase of ART.

Investa to launch takeover bid for Principal Office Fund

Investa Property Trust intends to make an offmarket takeover offer for Principal Office Fund, it has announced. Last week Investa bought an 8 per cent stake in Principal. Investa managing director Chris O'Donnell said the offer should provide clear ...

Investa, Principal Office Fund halt trade pending announcement

... O'Donnell said he was comfortable with the 8.4% strategic stake, but acknowledged his company was well placed for any takeover activity.

Takeovers Panel dismisses AMP Life's appeal on ART

... ruling that pre-emptive co-ownership rights relating to the AMP Shopping Centre Trust (ART) would effectively deter any takeover bid for ART from a party not acceptable to the AMP group. AMP Life had contested that the Takeovers Panel had no legal authority ...

Centro extends offer period for ART takeover bid

Centro Property Trust has extended the offer period for its takeover bid for AMP Shopping Centre Trust (ART) while it awaits the final ruling of the Takeovers Panel's in relation to its hostile offer. "Centro has extended the offer period for its the ...

Principal Office Fund leaps to six-year high

... $1.62, eclipsing the $1.58 paid by Investa in an overnight raid that is being interpreted as the first step in an eventual takeover bid. "One would expect that there's a full bid on the cards at a point in time," Macquarie Equities property analyst Matt ...

S&P leaves AMP and Investa ratings unchanged

... long-term, stable outlook, and A2 short-term by S&P. "However, Standard & Poor's notes that if Investa were to lodge a formal takeover bid for POF, the ratings on POF would most likely be placed on CreditWatch with negative implications, given uncertainty ...

Moody's may downgrade ART following Westfield takeover offer

... rating of AMP Shopping Centre Trust (ART). This follows the Westfield Trust announcement that it will make a counter takeover offer for the ART shares it does not already own. The trust currently has a 19.9 per cent interest in ART. On March 19 2002 ...