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Showing 11 - 20 of 25 results for "WHSP"

Pengana drives WHSP finance portfolio up 43pct

ALEX BURKE  |  THURSDAY, 22 MAR 2018
... last year, drove Washington H. Soul Pattinson's 1H18 portfolio up 43.3%. Pengana delivered a $1.9 million contribution to WHSP's net profit during the period. WHSP is Pengana's biggest shareholder at 39.2%. WHSP's other financial services portfolio companies ...

Perpetual case dismissed in court

ALEX BURKE  |  THURSDAY, 13 JUL 2017
... Geoff Lloyd said his group was simply acting in the best interests of unitholders. Perpetual, which retains shareholdings in WHSP, claimed that WHSP and Brickworks utilised an "oppressive" cross-shareholding structure. This was where WHSP owned 44% of ...

Manager lists after $3bn merger

ALEX BURKE  |  THURSDAY, 1 JUN 2017
... company in December last year. During that time, Hunter Hall received takeover bids from Pinnacle Investment Management, WHSP and John Bridgeman. While Hunter Hall's independent directors recommended rejecting Pinnacle and WHSP's multiple bids, WHSP ...

Peter Hall hands over remaining Hunter Hall shares

ALEX BURKE  |  WEDNESDAY, 15 MAR 2017
... now has a 44.2% stake in Hunter Hall shares after Peter Hall sold his interest and accepted the former's takeover offer. WHSP has now revised its cash offer to $2.60 per share. Hunter Hall's independent directors have recommended remaining shareholders ...

Soul Pattinson pockets Hunter Hall via Pengana merger

ALEX BURKE  |  FRIDAY, 10 MAR 2017
... founding director Jeremy Dunkel as directors. The proposed new name for the merged company is Pengana Capital Group. Given WHSP's 20% relevant interest in Hunter Hall and 37% relevant interest in Pengana, it will not be eligible to vote to approve the ...

Hunter Hall profit sinks as third investor enters the fray

ALEX BURKE  |  WEDNESDAY, 15 FEB 2017
... shares in Hunter Hall up to 20% at prices up to $2.40 per share; JBL managing director Stuart McAuliffe said that Pinnacle and WHSP's takeover bids "significantly undervalue the shares in HHL." It's worth noting, though, that just after WHSP matched ...

WHSP throws down the gauntlet

ALEX BURKE  |  TUESDAY, 14 FEB 2017
... rival contenders with an increased takeover offer for Hunter Hall. Since increasing its bid to $1.60 per share on Friday, WHSP has now matched Pinnacle's unconditional offer of $2 per share. Although this now brings the two bidders in line, it seems ...

Hunter Hall shareholders urged to hold the line

ALEX BURKE  |  MONDAY, 13 FEB 2017
... to be unconditional, thereby no longer requiring Hunter Hall to adhere to certain performance criteria. On the same day, WHSP increased its takeover offer from $1 to $1.60 per share, also declaring the offer unconditional. As competition for the company ...

Hunter Hall independent review rejects WHSP takeover

ALEX BURKE  |  THURSDAY, 2 FEB 2017
... the company, on the basis that it significantly undervalues shares. The review justified this recommendation saying that WHSP's takeover offer represents a 69% discount to the closing price of Hunter Hall shares on December 23 - this being the last closing ...

Hunter Hall receives surprise new takeover bid

ALEX BURKE  |  TUESDAY, 24 JAN 2017
... and chief executive Peter Hall's shock resignation in December, and his sale of 19.9% in the company for $1 per share to WHSP, Hall made it clear he would sell his remaining shareholding in the absence of a superior proposal. Such a proposal may now ...