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Showing 151 - 160 of 1027 results for "A Share"

Link Group offloads PEXA stake

ANDREW MCKEAN  |  MONDAY, 21 NOV 2022
Link Group has sold 10% of its existing 42.77% shareholding in PEXA Group for $101.9 million, with the net proceeds to be used to pay down debt. The PEXA selldown was executed at $13.50 per share; settlement is expected to occur on November 23. The ...

Pendal, Perpetual amend deal terms

JAMIE WILLIAMSON  |  THURSDAY, 17 NOV 2022
... Capital said the Pendal deal would dilute shareholder value, arguing that the takeover offer from Regal Partners at $33 a share was more beneficial. Pendal and Perpetual have also agreed to proceed to a first court hearing for the scheme next week. "The ...

Former van Eyk Research chief sentenced

JAMIE WILLIAMSON  |  WEDNESDAY, 16 NOV 2022
... facilitate a $5 million investment in the Wholesale Enhanced Income Fund. That money was then loaned to TAA Melbourne to buy a share of van Eyk, of which Thomas was chief executive. This was done to prevent a third-party company gaining control of the ...

Magellan seeks $1m increase to director fees

ANDREW MCKEAN  |  TUESDAY, 15 NOV 2022
... search process," he said. In addition, the explanatory notes stated directors on the board historically participated in a Share Purchasing Plan (SPP) loan program to create alignment with shareholders in lieu of market levels of fixed director fees. ...

Life after legalsuper: Proebstl

ELIZABETH FRY  |  FRIDAY, 11 NOV 2022
Outgoing legalsuper chief executive Andrew Proebstl has no plans to exit the superannuation industry. Proebstl foresees big opportunities for funds to differentiate themselves and succeed in an environment where they are forced to manage more and more ...

Perpetual, Pendal deal on shaky ground

JAMIE WILLIAMSON  |  FRIDAY, 11 NOV 2022
... Capital said it's become clear that the Pendal deal is "deeply detrimental" to Perpetual shareholders relative to the $33 a share offer made by the Regal consortium. "Indeed, it was speculated as recently as July, that PPT had received an approach worth ...

Perpetual knocks back second takeover offer

JAMIE WILLIAMSON  |  THURSDAY, 10 NOV 2022
... BPEA Private Equity Fund VIII subsidiary Morello Pte. provided an improved proposal to acquire 100% of Perpetual for $33 a share last night. In doing so, the consortium requested a one-week due diligence period, expedited due to Perpetual's existing ...

CareSuper flags merger with Spirit Super

ANDREW MCKEAN  |  WEDNESDAY, 9 NOV 2022
CareSuper and Spirit Super have entered a preliminary non-binding Memorandum of Understanding (MoU) to explore a possible merger. Under the proposed deal, CareSuper and Spirit Super would combine to create a fund with over 500,000 members, and over ...

Perpetual rejects takeover bid by consortium

JAMIE WILLIAMSON  |  THURSDAY, 3 NOV 2022
... Fund VIII. According to an ASX announcement, the non-binding indicative proposal was to acquire 100% of Perpetual at $30 a share. Perpetual said the offer materially undervalues the company. "This offer is uncertain and conditional, and the Perpetual ...

Apex Group brings Global Compliance Solutions to Australia

CASSANDRA BALDINI  |  TUESDAY, 1 NOV 2022
Apex Group has launched its Global Compliance Solutions offering to the Australian market. The financial service provider said the agile, global single-source solution delivers efficiency, simplifies compliance, and enables business opportunities from ...