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Showing 291 - 300 of 1259 results for "Takeover"

Praemium shows growth in crisis

ELIZA BAVIN  |  FRIDAY, 14 AUG 2020
... the Smartfund 80% Protected range of funds." The platform provider said it is now focused on completing the conditional takeover of Powerwrap, announced in July. It said the acquisition will complement the existing business' growth strategy and product ...

Sovereign fund withdraws bid for Newcastle United

ANNABELLE DICKSON  |  FRIDAY, 31 JUL 2020
A consortium including Saudi Arabia's Public Investment Fund (PIF) has withdrawn its £300 million takeover of English Premier League team Newcastle United Football Club. The buyer consortium also included PCP Capital Partners and Reuben Brothers and ...

Platforms reveal merger details

ANNABELLE DICKSON  |  FRIDAY, 31 JUL 2020
Powerwrap has released its target statement recommending its shareholders accept the off-market takeover offer moves forward with Praemium. The target statement prices Powerwrap at 29.75 cents per share based on a price of 44.50 cents per Praemium Share ...

Specialist platforms prosper in June quarter

ALLY SELBY  |  MONDAY, 20 JUL 2020
... receiving strong cash margins from these holdings. Powerwrap also noted the recently announced $55.6 million off-market takeover bid from Praemium had been positively received by its clients; with the platform set to provide shareholders with additional ...

Powerwrap to merge with Praemium

KANIKA SOOD  |  THURSDAY, 9 JUL 2020
Praemium this morning advanced a $55.6 million bid to acquire Powerwrap in an off-market conditional takeover priced at about 26.55 cents per share. The two parties have entered a bid implementation agreement dated July 9. The bid has been unanimously ...

WAM makes replacement bid for Keybridge

ELIZA BAVIN  |  TUESDAY, 7 JUL 2020
... Shareholders. Additionally, Keybridge alleged WAM Active processed the shares in a bid to control the company after its failed takeover bids. Keybridge chief executive Nicholas Bolton asked the court for the shares to be vested with ASIC for sale and ...

Centuria launches takeover bid

ALLY SELBY  |  MONDAY, 15 JUN 2020
The ASX-listed $7.2 billion real estate investment manager has launched a takeover bid for New Zealand-based Augusta Capital, set to acquire the firm's remaining shares for $122 million (NZD$130 million). It comes just over a month after Centuria Capital ...

WAM responds to Keybridge claims

ALLY SELBY  |  FRIDAY, 5 JUN 2020
... name on 6 March 2020. It comes after months of bitter battle between WAM and Keybridge, with the former launching four takeover bids for the investment manager over the past 10 months. In the note, WAM hung Keybridge's $5 million investment in Australia ...

Keybridge takes WAM to court

ELIZA BAVIN  |  WEDNESDAY, 3 JUN 2020
... 16,057,929 shares through its agent, Boardroom Pty Ltd, into its own name on 6 March 2020. WAM has launched a number of takeover bids for Keybridge in the last year to no success, and Keybridge chief executive Nicholas Bolton has alleged WAM transferred ...

Industry funds pulled back to the pack

HARRISON WORLEY  |  TUESDAY, 19 MAY 2020
... changes the race to the top. KPMG's latest Super Insights report shows industry super funds are no longer on track to takeover SMSFs as the biggest sector in Australia's superannuation market, with COVID-19 to blame. According to KPMG head of asset and ...