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

Search Results

Showing 131 - 140 of 2130 results for "Premium"

ClearView offloads chunk of Centrepoint Alliance stake

CASSANDRA BALDINI  |  FRIDAY, 17 NOV 2023
... outstanding Diverger shares. Its proposal originally implied a $56 million equity value for Diverger and represented a 32% premium to the current share price of $1.07 per share. However, in a statement to the ASX, COG said it felt that Diverger's ...

Pacific Current Group wraps up buyout talks

JAMIE WILLIAMSON  |  THURSDAY, 16 NOV 2023
... with the engagement from PAC. GQG also made a bid, proposing it acquire the business for $11 in cash per share - a 56% premium to PAC's volume-weighted average price. As PAC's largest shareholder, GQG needed approvals from River Capital, which ...

COG drops bid for Diverger

CASSANDRA BALDINI  |  WEDNESDAY, 15 NOV 2023
... amounting to 37,674,103. Its proposal originally implied a $56 million equity value for Diverger and represented a 32% premium to the current share price of $1.07 per share. The rival bidder, who looked to displace Count's acquisition of Diverger ...

Australian Unity sells advice arm to Fortnum, Nestworth

ANDREW MCKEAN  |  TUESDAY, 14 NOV 2023
Australian Unity entered into a strategic alliance, selling its financial advice business to AZ NGA-owned advisory firm Nestworth and Fortnum Private Wealth. AZ NGA, through Nestworth, will acquire Australian Unity's employed adviser and corporate superannuation ...

J.P. Morgan readies evergreen solution for wholesale market

ANDREW MCKEAN  |  MONDAY, 13 NOV 2023
... peers." In May, J.P. Morgan expanded its ETF offerings with the introduction of three new funds : the JPMorgan Equity Premium Income Active ETF (Hedged) (JHPI), JPMorgan US 100Q Equity Premium Income Active ETF (JPEQ), and JPMorgan US 100Q Equity Premium ...

GQG's PAC acquisition attempt hits snag

KARREN VERGARA  |  MONDAY, 13 NOV 2023
... will be predominantly funded by the sale of most of PAC's interests in PAC affiliates to GQG for cash consideration at a premium to their fair market value as published in Pacific Current's FY23 results," PAC said. Consequently, River Capital would acquire ...

Legalsuper hits members with increased fees

ANDREW MCKEAN  |  MONDAY, 6 NOV 2023
Legalsuper is raising the investment fees of its MySuper balanced option product from December 14, resulting in an annual cost increase for an account balance of $50,000 from $546.92 to $596.92. For the $5.4 billion industry fund's default investment ...

Rival bidder seeks to acquire Diverger

KARREN VERGARA  |  MONDAY, 30 OCT 2023
... green light for the takeover. The indicative proposal implies a $56 million equity value for Diverger and represents a 32% premium to the current share price of $1.07 per share. COG is offering to pay $27 million as a cash component, 83% more than Count's ...

Life insurance complaints drop 24%

KARREN VERGARA  |  WEDNESDAY, 25 OCT 2023
The number of life insurance complaints may have declined 24% in the 2023 financial year, but policyholders continue to complain about claims-handling delays and insurers peddling misleading information. According to the Australian Financial Complaints ...

Super fund, insurer admin issues draw AFCA complaints

KARREN VERGARA  |  MONDAY, 23 OCT 2023
... organisations in its report. One unnamed life insurer blamed its old policy administration system for failing to communicate premium rate increases to customers over several years that impacted four different policies. Insurers must notify policyholders ...