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Showing 231 - 240 of 1944 results for "Proposal"

QAR final response winds clock back, says FAAA

JAMIE WILLIAMSON  |  THURSDAY, 7 DEC 2023
... could become, over time, the next generation of financial advisers and planners," Abood said. "However, in this latest proposal, these 'qualified advisers' will provide something that passes for advice for free, confusing clients and obscuring ...

Final QAR reforms open door to super funds

CASSANDRA BALDINI  |  THURSDAY, 7 DEC 2023
... options for their superannuation drawdown. SCA said it is looking forward to reviewing the details of this particular proposal, saying: "Conflicts of interest remain real in any financial advice model which is provided by banks, super funds or insurers. ...

AustralianSuper slams Brookfield's Origin Energy bid

ANDREW MCKEAN  |  FRIDAY, 24 NOV 2023
... asserting its intention to oppose a "low-ball" offer for the ASX-listed generator and retailer. The consortiums revised proposal under the existing Scheme of Arrangement presents an option for institutional investors to reinvest in Origin's Energy ...

Praemium plummets on weak financial outlook

ANDREW MCKEAN  |  THURSDAY, 23 NOV 2023
... million merger with Praemium, offering one new share for every 11.96 Praemium shares, plus a cash consideration. The proposal represented a 29% premium over Praemium's October 27 closing price of $1.16 but was ultimately declined by Praemium's board ...

Count, Diverger forge ahead with acquisition

KARREN VERGARA  |  FRIDAY, 17 NOV 2023
... of 1.44 (up from 1.38). Yesterday, COG withdrew its $27 million offer, yet still believed that its $1.4083 per share proposal was superior. Instead, it announced today that it bought a stake into Centrepoint Alliance for $13.05 million. The new offer ...

ClearView offloads chunk of Centrepoint Alliance stake

CASSANDRA BALDINI  |  FRIDAY, 17 NOV 2023
... not support its $27 million offer. COG had intended to pay $1.4083 per share for the 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 ...

Pacific Current Group wraps up buyout talks

JAMIE WILLIAMSON  |  THURSDAY, 16 NOV 2023
... per share plus 2.2 GQG shares per PAC share, representing $3.62, back in March. It partnered with River Capital on the proposal but ultimately abandoned the attempt in late September, saying PAC had provided limited and high-level due diligence information ...

COG drops bid for Diverger

CASSANDRA BALDINI  |  WEDNESDAY, 15 NOV 2023
COG Financial Services (COG) has withdrawn its proposal to acquire Diverger, citing concerns that shareholders may not support its $27 million offer. Last month, COG presented its non-binding indicative offer, stating its intention to pay $1.4083 per ...

GQG's PAC acquisition attempt hits snag

KARREN VERGARA  |  MONDAY, 13 NOV 2023
... proposed in a letter dated November 7, PAC's board of directors said, adding that it was a move GQG was not aware of. GQG's proposal values PAC at $567.3 million, in which the target flagged as an "attractive value outcome for all PAC shareholders". ...

Aussies value super but remain unprepared: Data

CASSANDRA BALDINI  |  WEDNESDAY, 8 NOV 2023
... age - waiting until members transition to retirement is simply too late." Although the Quality of Advice Review (QAR) proposal that aims to give super funds more power to provide advice has been greatly debated by the industry, with some financial advisers ...