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Showing 281 - 290 of 1259 results for "Takeover"

Another MLC advice firm exits group

KARREN VERGARA  |  TUESDAY, 6 OCT 2020
A former MLC-licensed financial advice firm has left the dealer group following the IOOF takeover to join FYG Planners Group. Queensland-based Designing Financial Solutions (DFS), led by principal and financial planner Kevin Redfearn, is now operating ...

Praemium to acquire remaining Powerwrap shares

ALLY SELBY  |  MONDAY, 21 SEP 2020
... increase Praemium's funds under administration to over $28 billion. Praemium advanced a $55.6 million off-market takeover bid to acquire Powerwrap in early July, with chair Barry Lewin at the time noting the merger would be "an exciting opportunity ...

Geoff Wilson feels sorry for CLF shareholders

ANNABELLE DICKSON  |  FRIDAY, 18 SEP 2020
WAM chair Geoff Wilson has said he feels sorry for CLF shareholders after Concentrated Leaders Fund has rejected a takeover bid proposed by WAM Capital. WAM chair Geoff Wilson told Financial Standard : "I actually feel sorry for CLF shareholders as ...

Managed funds recover FUM losses

ANNABELLE DICKSON  |  WEDNESDAY, 16 SEP 2020
... Commonwealth/Colonial First State at -10.5%, AMP at -14.8% and NAB/MLC at -7.7%. IOOF's increase is attributed to its takeover of ANZ's retail funds whereas AMP's decrease was impacted by the sale of its life insurance business to Resolution Life. Gross ...

PEP acquires listed tech firm

KARREN VERGARA  |  TUESDAY, 15 SEP 2020
... products in specialist software. Citadel's board has unanimously recommended that shareholders vote in favour of the takeover as chair Peter Leahy listed a number of benefits from the acquisition. "Citadel's customers will benefit from access to a broader ...

First State Super makes first take-private bid

ALLY SELBY  |  WEDNESDAY, 9 SEP 2020
... spokesperson said. "We are unable to provide any further comment at this time." OptiComm shareholders were set to vote on a takeover by rival bidder Uniti Group tomorrow, after entering into a scheme implementation deed with the telecommunications company ...

WAM makes LIC takeover bid

ANNABELLE DICKSON  |  FRIDAY, 4 SEP 2020
Wilson Asset Management has made an off-market takeover bid for geared listed investment company Concentrated Leaders Fund (CLF) as a result of its ongoing poor performance and management woes. WAM is offering shareholders two of its shares for 3.7 ...

Advice group flees MLC after IOOF takeover

ANNABELLE DICKSON  |  TUESDAY, 1 SEP 2020
HFM & Partners has made the decision to change its Australian financial services licence from MLC-owned GWM Adviser Services in light of the acquisition by IOOF. The announcement by IOOF to acquire MLC's advice business will see the creation of ...

ASIC relaxes IPO red tape

ANNABELLE DICKSON  |  THURSDAY, 27 AUG 2020
... issuer, professional underwriters or lead manager arising from the escrow agreement is disregarded for the purposes of the takeover provisions but not the substantial holding provisions. ASIC noted the rationale for this is that it provides relief for ...

Cromwell fights ARA takeover

ELIZABETH MCARTHUR  |  THURSDAY, 20 AUG 2020
Cromwell Property Group is calling on shareholders to vote against ARA Asset Management's takeover, which Cromwell calls "hostile". In a note to shareholders, Cromwell said that ARA had called an extraordinary general meeting to be held on 18 September ...