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Showing 311 - 320 of 1259 results for "Takeover"

Major super funds caught in fraud scandal

ELIZA BAVIN, JAMIE WILLIAMSON  |  WEDNESDAY, 18 SEP 2019
... dark net marketplaces, together with single use telephone SIM cards and fake email accounts, to undertake an "identity takeover". Once the false identities and accounts were established, ASIC and the AFP allege the syndicate committed cybercrime offences ...

Surprise $56 billion bid for London Stock Exchange

ELIZA BAVIN  |  THURSDAY, 12 SEP 2019
The Hong Kong Exchanges and Clearing has proposed a $56 billion takeover of the London Stock Exchange. In a statement, HKEX said: "The board believes a proposed combination with LSEG represents a highly compelling strategic opportunity to create a global ...

Clime Capital settles class action

KARREN VERGARA  |  MONDAY, 12 AUG 2019
... expects to gain about $8.3 million, which includes the reimbursement of project costs. Clime recently made an off-market takeover bid for listed investment company CBG Capital (CBC). The merger is anticipated to create a $137.2 million Australian equities ...

Keybridge shareholder threatens board spill

KANIKA SOOD  |  TUESDAY, 23 JUL 2019
... Patton and Kriewaldt were given 24 hours to reply to Bentley's proposal for a director re-election. The WAM Active's June takeover bid for Keybridge and its related implications are a consideration for Bentley's proposal, it said. In May, a rogue shareholder ...

Two LICs set to merge

KARREN VERGARA  |  WEDNESDAY, 19 JUN 2019
... create a $137.2 million entity. Clime Capital (CAM) has made an offer to acquire CBG Capital (CBC) under an off-market takeover bid. CBG has consequently advised its shareholders and directors to accept the offer in the absence of a superior proposal ...

Sandon Capital acquires stake in LIC

KARREN VERGARA  |  TUESDAY, 4 JUN 2019
... (SNC), an unlisted investment company and two other wholesale funds. Last year, Mercantile made an unsuccessful off-market takeover bid to acquire all ordinary shares of Yellow Brick Road for 9 cents per share.

Court throws out Aurora fund takeover bid

KANIKA SOOD  |  FRIDAY, 31 MAY 2019
... proceedings. Aurora Funds Management, which acts as a responsible entity for several funds, had a tough year with a failed takeover bid for Molopo Energy and $1 million that went missing from Aurora Property Buy-Write Income Trust that was later traced ...

Pension fund acquires telco

ELIZABETH MCARTHUR  |  FRIDAY, 26 APR 2019
... £50 billion under management, is acquiring a large telecommunications company. KCOM has agreed to a £504 million cash takeover that would see the Universities Superannuation Scheme acquire 100% of the company. Under the terms of the acquisition, KCOM ...

Investors rage coup against Aurora

KANIKA SOOD  |  THURSDAY, 17 JAN 2019
... The Aurora Absolute Return Trust has shrunk to hold $1.8 million after a tough two years with compliance, a rebuffed takeover, falling unit prices and investor retreat. A million dollars crept out of one of its trusts and was later traced to its then ...

Industry Super Australia chair steps down

DARREN SNYDER  |  TUESDAY, 4 DEC 2018
... sector's story and one of its largest milestones in past years. "In Indiana, its former governor Mike Pence oversaw the takeover of the Indiana toll road through a consortium of IFM Investors. This meant that last year Industry Super Australia was at ...