Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 271 - 280 of 2274 results for "Premium"

ASIC investigates iExtend over possible unlicensed conduct

CHLOE WALKER  |  THURSDAY, 23 NOV 2023
ASIC has accepted a court enforceable undertaking from iExtend Holdings Company (iExtend) after investigating concerns that it was operating without an AFSL. The undertaking also relates to iExi Pty Ltd, which trades as iExtend. Documents show the investigation ...

Praemium plummets on weak financial outlook

ANDREW MCKEAN  |  THURSDAY, 23 NOV 2023
... 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, citing undervaluation ...

Insignia Financial finds buyer for Millennium3

CASSANDRA BALDINI  |  TUESDAY, 21 NOV 2023
... M3 network will add circa $5 billion in funds under advice (FUA) and more than $150 million of in-force risk insurance premium, bringing its FUA to $23 billion and in-force premium to $470 million. According to Insignia, M3 contributed approximately ...

Count, Diverger forge ahead with acquisition

KARREN VERGARA  |  FRIDAY, 17 NOV 2023
... announced today that it bought a stake into Centrepoint Alliance for $13.05 million. The new offer price represents a 52% premium on Diverger's last closing price as at September 21. Diverger said it "continues to unanimously consider that the scheme ...

ClearView offloads chunk of Centrepoint Alliance stake

CASSANDRA BALDINI  |  FRIDAY, 17 NOV 2023
... 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 per share. However, in a statement to the ASX, COG said it felt that Diverger's ...

Pacific Current Group wraps up buyout talks

JAMIE WILLIAMSON  |  THURSDAY, 16 NOV 2023
... with the engagement from PAC. GQG also made a bid, proposing it acquire the business for $11 in cash per share - a 56% premium to PAC's volume-weighted average price. As PAC's largest shareholder, GQG needed approvals from River Capital, which ...

COG drops bid for Diverger

CASSANDRA BALDINI  |  WEDNESDAY, 15 NOV 2023
... amounting to 37,674,103. Its proposal originally implied a $56 million equity value for Diverger and represented a 32% premium to the current share price of $1.07 per share. The rival bidder, who looked to displace Count's acquisition of Diverger ...

Australian Unity sells advice arm to Fortnum, Nestworth

ANDREW MCKEAN  |  TUESDAY, 14 NOV 2023
Australian Unity entered into a strategic alliance, selling its financial advice business to AZ NGA-owned advisory firm Nestworth and Fortnum Private Wealth. AZ NGA, through Nestworth, will acquire Australian Unity's employed adviser and corporate superannuation ...

J.P. Morgan readies evergreen solution for wholesale market

ANDREW MCKEAN  |  MONDAY, 13 NOV 2023
... peers." In May, J.P. Morgan expanded its ETF offerings with the introduction of three new funds : the JPMorgan Equity Premium Income Active ETF (Hedged) (JHPI), JPMorgan US 100Q Equity Premium Income Active ETF (JPEQ), and JPMorgan US 100Q Equity Premium ...

GQG's PAC acquisition attempt hits snag

KARREN VERGARA  |  MONDAY, 13 NOV 2023
... will be predominantly funded by the sale of most of PAC's interests in PAC affiliates to GQG for cash consideration at a premium to their fair market value as published in Pacific Current's FY23 results," PAC said. Consequently, River Capital would acquire ...