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Showing 1241 - 1250 of 1259 results for "Takeover"

Westfield offers $1.9 billion cash for AMP Shopping Centre Trust

Westfield Trust has announced an all-cash takeover offer for the outstanding units (including all rights) in the AMP Shopping Centre Trust (ART) at $1.80 per unit, valuing it trust at $1.9 billion. The announcement made by Westfield chairman Frank Lowy ...

AMP Life to appeal Takeovers Panel decision

... bought out solely because AMP Henderson Global Investors is removed as responsible entity of ART following a successful takeover bid for ART," said Nigel Morris, Takeovers Panel director. In other words, Centro is now permitted to push ahead with a hostile ...

Afternoon market wrap: AMP drags index lower

The All Ordinaries continued to edge lower during the afternoon session, and was helped to a 9.10 point loss over the day as a whole by a 4.3% fall on AMP shares. The troubled insurance and financial services giant, no stranger to bad news of late ...

Centro hails Takeovers Panel victory on ART

... the pre-emptive rights argued for by AMPH would effectively entrench AMPH as responsible entity of ART and deter any takeover bid by any person not acceptable to the AMP Group. This has impaired the efficient, competitive and informed market for control ...

Midday market wrap: All Ordinaries falls, AMP rebounds

AMP shares rebounded to $5.13 at lunchtime after trading beneath $5.00 during the morning session. Takeover talk boosted shares in the Bank of Western Australia by almost 20% to $4.37, while the major banks were flat to softer. National was the biggest ...

Morningstar downgrades AMP international equities on staff fears

... prospects thus lowering morale and causing disillusionment among its staff, Morningstar said. The vulnerability to a takeover is further compounding this problem and Morningstar believes that this could see an exodus of staff away from the company. The ...

Afternoon market wrap: All Ords ekes out fractional gain

... mixed day on Thursday when a $1.05 billion profit announcement failed to stop investors dumping the stock 3.6 % lower. Takeover talks propelled the Bank of Western Australia to a 20% $0.73 gain while Qantas also enjoyed investor support, finishing at ...

Takeovers Panel defers decision on Centro bid for ART

... Shopping Centre Trust (ART) to allow AMP Life to make submissions to the proceedings. AMP Life has previously refused the Takeover Panel's invitation to take part, but changed its policy after receiving a draft policy from the Takeovers Panel indicating ...

Centro takes AMP to Takeovers Panel over Shopping Centre Trust

... trust at $1.63 billion. Since then, AMP Henderson Global Investors, the responsible entity of the trust, said that the takeover could trigger pre-emptive rights in existing co-ownership agreements that would effectively allow AMP Life to acquire the ...

ASX urges greater property trust sector disclosure

The Australian Stock Exchange (ASX) has today asked all members of the ASX listed property trust sector to inform the market as to whether their trust arrangements include co-ownership or other agreements that might act as a deterrent to a change of ...