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Showing 161 - 170 of 1259 results for "Takeover"

Federal Reserve plans upping capital requirements

CASSANDRA BALDINI  |  TUESDAY, 11 JUL 2023
... Financial Group suing the US Federal Deposit Insurance Corporation (FDIC) to recover $US1.9 billion which it seized upon takeover in March. SVB Financial Group said an inability to access the funds has impacted its reorganisation as the money should ...

Allegro unveils PwC entity as Scyne Advisory

CASSANDRA BALDINI  |  TUESDAY, 4 JUL 2023
Embattled PwC's Australian public sector advisory business will remerge as Scyne Advisory following its takeover from private equity firm Allegro Funds. Allegro funds confirmed the new business, which it acquired for $1, will be fully independent ...

ASIC deepens investigation into Magnolia founder

KARREN VERGARA  |  FRIDAY, 30 JUN 2023
... some of the many businesses Atkins operated that are now in liquidation. The Magnolia Equities III Fund made a failed takeover bid of ASX-listed The Agency Group (AU1) in December 2020. Atkins faces a final hearing at the Federal Court on August 11. ...

GAM shareholders challenge acquisition

JAMIE WILLIAMSON  |  THURSDAY, 11 MAY 2023
... well as $180 million. The group, comprising NewGAMe SA and wealth manager Bruellan has raised concerns with the Swiss Takeover Board about some of the deal's terms and contingencies included. As it stands, the agreement contains a condition that Liontrust ...

Mercer scoops up third BT business unit

KARREN VERGARA  |  MONDAY, 8 MAY 2023
... with releasing the group's half year to March 2023 results. The successor funds transfer of BT Superannuation and takeover of Advance Asset Management, which finalised in March and April respectively, gained about $350 million for the group. Funds ...

Liontrust, GAM to create $100bn fund manager

KARREN VERGARA  |  FRIDAY, 5 MAY 2023
... billion (£20.9bn) in assets under management and is listed on the SIX Swiss Exchange, said that it is in favour of the takeover. Liontrust is offering CHF0.6723 for one GAM share and is willing to pay about CHF107 million ($180.2m) for the smaller fund ...

JPMorgan acquires First Republic Bank

CASSANDRA BALDINI  |  TUESDAY, 2 MAY 2023
... Citizens Financial Group, to rescue the bank, the global wealth giant was advised it won the auction. The FDIC's brief takeover of First Republic allowed the bank to enter into a loss-share transaction agreement in which the regulator, and the new ...

JPMorgan among banks to bid in First Republic sale

CASSANDRA BALDINI  |  MONDAY, 1 MAY 2023
... Journal reported people familiar with the matter confirmed final bids were made to rescue the bank and a decision on its takeover could be expected imminently. The Federal Deposit Insurance Corporation (FDIC) previously revealed 11 banks showed their ...

Eildon rebuffs takeover bid

KARREN VERGARA  |  WEDNESDAY, 26 APR 2023
Eildon Capital this morning has rejected the "opportunistic" takeover bid by Samuel Terry Asset Management. ASX-listed Eildon (EDC) said Samuel Terry Asset Management's offer of 93 cents per share represented a 20.5% discount to its net asset value ...

QIC secures stake in smart metering company

KARREN VERGARA  |  TUESDAY, 4 APR 2023
Queensland Investment Corporation (QIC) has entered a joint venture that gives it a 50% stake in a company that provides gas and electricity metering solutions. Vector, a New Zealand electricity and gas distributor, has offloaded half ownership of its ...