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Showing 231 - 240 of 1259 results for "Takeover"

QSuper, IFM bid for Sydney Airport

ANNABELLE DICKSON  |  MONDAY, 5 JUL 2021
A consortium made up of QSuper, IFM Investors and Global Infrastructure Management has announced a takeover bid for Sydney Airport. The unsolicited, indicative, conditional and non-binding proposal is offering $8.25 per share which equates to a 42% ...

Westpac in fresh $87m remediation program

KARREN VERGARA  |  FRIDAY, 2 JUL 2021
The failure of Westpac's former advisers to pass on corporate actions to clients for more than a decade will see the big bank pay a hefty bill. The $87 million that will be remediated affects 32,000 customer accounts, ASIC announced this morning ...

360 Capital offloads E&P stake

KANIKA SOOD  |  TUESDAY, 29 JUN 2021
360 Capital has sold its entire stake in E&P Financial Group, after its unsuccessful takeover attempt earlier this year. TGP sold its 19.9% stake in EP1 at 62 cents a share ($29.9 million total including dividends). It says it netted a $9.1 million ...

ME Bank acquisition receives green light

KARREN VERGARA  |  MONDAY, 21 JUN 2021
... BOQ group. The two firms said they will continue to operate as separate businesses. The treasurer approved BOQ's takeover of ME Bank from 26 industry superannuation funds today. The acquisition was flagged in February 2021 with a price tag of $1.325 ...

Licensee to acquire Sentry Group

KARREN VERGARA  |  TUESDAY, 15 JUN 2021
... and add 155 authorised representatives to its books. WT Financial Group (WTL) announced today that upon completing the takeover, it will have some 275 financial advisers across 200 practices. WTL will pay $3.5 million in cash to fund the transaction ...

FinClear to acquire BNY subsidiary

KARREN VERGARA  |  THURSDAY, 10 JUN 2021
... is offloading its local execution and settlements business to FinClear for an undisclosed amount. FinClear is set to takeover Pershing Securities Australia in a bid to scale and enhance Holder Identification Number (HIN)-based platform services. FinClear ...

Primewest accepts merger offer

ANNABELLE DICKSON  |  FRIDAY, 4 JUN 2021
... estate managers on the ASX. The Primewest founding directors John Bond, David Schwartz and Jim Litis have accepted the takeover bid and merger proposal. Securityholders that represent 76% of Primewest securities have also informed Centuria of their acceptance. ...

PEXA to IPO in June

ANNABELLE DICKSON  |  MONDAY, 31 MAY 2021
... billion plus $126 million for cash on the balance sheet. The offer was open until 5pm on May 30. Previously, Link rejected takeover proposals from private equity firms including a consortium comprising Pacific Equity Partners and Carlyle Group as well ...

Federation AM awards mandate

ANNABELLE DICKSON  |  THURSDAY, 20 MAY 2021
... Australian regulatory requirements and closed ended structures and strategies." The mandate comes after Apex upped its takeover bid against SS&C for Mainstream. Apex made a new offer of $2.65 cash per share, upping its prior bid by 10 cents and bidding ...

APRA approves MLC super takeover

ELIZABETH MCARTHUR  |  FRIDAY, 7 MAY 2021
APRA has given IOOF the go-ahead to take over MLC's superannuation business. Yesterday, the regulator approved IOOF's application to hold a controlling stake in NULIS Nominees, the trustee for MLC Super. On 31 August 2020, IOOF entered into an agreement ...