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Showing 171 - 180 of 1259 results for "Takeover"

Outflows, M&A batter active managers

KARREN VERGARA  |  THURSDAY, 30 MAR 2023
... most of its wholesale business to SG Hiscock. Adding to the shrinking pool of active managers, Perpetual's high-profile takeover of Pendal Group saw the latter delist at the start of the year. This frenetic pace of change in the sector has flipped investor ...

Clime profits slide, poised for further M&A

CASSANDRA BALDINI  |  MONDAY, 27 FEB 2023
... Clime attributed a 27% increase in its gross income ($8.8 million) over the prior corresponding period (pcp) to the MTIS takeover. It also signaled further acquisitions on the horizon, saying recent disruption and consolidation in the financial services ...

Link due to settle defunct Woodford fund with FCA

KARREN VERGARA  |  MONDAY, 20 FEB 2023
... corresponding period. The sale of Pexa is due to earn fair value gain of approximately $322 million. Dye & Durham was poised to takeover Link Group. This fell through last September after a court rejected the deal as necessary conditions could not be ...

Perpetual reports $1.2bn loss amid merger

CASSANDRA BALDINI  |  FRIDAY, 20 JAN 2023
Perpetual reported it took a $1.2 billion hit in December ahead of its Pendal Group takeover, which is now due to be completed on Monday. Despite the loss, the investment manager said it "benefited from a rebound in equities markets" and ended the year ...

Dexus Fund Management bolsters board

CASSANDRA BALDINI  |  FRIDAY, 13 JAN 2023
Dexus has welcomed Paula Dwyer and Rhoda Phillippo to its funds management board as independent non-executive directors, effective 1 February 2023. Dwyer has been a chair and a non-executive director for over 20 years. Her executive career was previously ...

Court approves Pendal takeover

JAMIE WILLIAMSON  |  WEDNESDAY, 11 JAN 2023
The Supreme Court of New South Wales has approved the acquisition of Pendal by Perpetual. The Court made orders today approving the scheme, with it to become legally effective tomorrow following Pendal lodging a copy of the orders with ASIC. As such ...

Perpetual appoints head of equities

ANDREW MCKEAN  |  MONDAY, 21 NOV 2022
... Also, as previously reported by Financial Standard, last week Perpetual and Pendal Group confirmed the terms of their takeover deal have changed. Both parties agreed to revise the cash and scrip considerations of the deal, with both to be reduced. Additionally ...

Link Group offloads PEXA stake

ANDREW MCKEAN  |  MONDAY, 21 NOV 2022
... appointed Macquarie Capital and UBS Securities as advisers. The UK Financial Conduct Authority (FCA) approved a Dye & Durham takeover of Link, but this acquisition was subject to a requirement that funds were made available to meet any shortfall to cover ...

Pendal, Perpetual amend deal terms

JAMIE WILLIAMSON  |  THURSDAY, 17 NOV 2022
Both Pendal Group and Perpetual have confirmed the terms of their takeover deal have changed, in addition to the Supreme Court ruling that Pendal could rightfully seek more than a break fee if the deal goes south. Both parties have agreed to revise ...

Experts weigh in on Brookfield bid for Origin

RACHEL ALEMBAKIS  |  FRIDAY, 11 NOV 2022
... targets." If the proposal gets through due diligence, shareholders including super funds will be called upon to approve this takeover bid as shareholders in Origin Energy. Rainmaker Information has conducted preliminary research of super fund portfolio ...