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Showing 321 - 330 of 1259 results for "Takeover"

Australian Unity fund manager steps down

KANIKA SOOD  |  TUESDAY, 4 DEC 2018
... Melbourne, Brisbane and Canberra metropolitan areas and CBD. On November 28, AOF's responsible entity rejected a revised takeover offer from Starwood Capital Group to acquire all shares in AOF for what the responsible entity says represented $2.87 cash ...

Merger to create $885m LIC

KARREN VERGARA  |  WEDNESDAY, 14 NOV 2018
... "superior merged entity" will provide a larger capital and shareholder base. WAM Capital (WAM) completed a successful takeover bid of another LIC, Wealth Defender Equities (WDE), on October 26, gaining 95.26% of the shares.

Chief investment officer retires

DARREN SNYDER  |  TUESDAY, 30 OCT 2018
... unfortunately not make us immune to the effects of an equity bear market." Late last week WAM Capital succeeded with its takeover offer for Wealth Defender Equities (WDE) and will proceed with its compulsory acquisition. It will be followed by a strategic ...

Wealth group announces new chief executive

DARREN SNYDER  |  THURSDAY, 25 OCT 2018
... work with the franchisees and broker partners to give them what they need to be successful." In August, YBR rejected a takeover bid from Mercantile OFM. At the time Bouris said the offer was unsolicited and "materially undervalues the existing and future ...

CFS technical expert moves to Australian Unity

KARREN VERGARA  |  WEDNESDAY, 10 OCT 2018
... meaningful difference in people's lives," Carnevale said. This week, Australian Unity announced it was mulling a takeover proposal by Starwood Capital Group for its Australian Unity Office Fund. As responsible entity of the fund, Australian Unity ...

WAM pushes for HHY closure

KARREN VERGARA  |  TUESDAY, 9 OCT 2018
... and questionable conduct. WAM reminded shareholders that when the Aurora Global Income Trust (AIB) attempted to make a takeover bid for HHY in September 2016, AIB's share prices has fallen more than 70% to 23 cents as at October 5. Acting as the responsible ...

Australian Unity mulls fund takeover

JAMIE WILLIAMSON  |  MONDAY, 8 OCT 2018
Starwood Capital Group has made another bid to buy the ASX-listed Australian Unity Office Fund. As responsible entity of the fund, Australian Unity Investment Real Estate received an unsolicited, indicative and non-binding proposal from Starwood Capital ...

IOOF appoints dealer group chief

HARRISON WORLEY  |  FRIDAY, 5 OCT 2018
... ultimate benefit of our customers." In addition to finalising the acquisition, IOOF updated the market on its pending takeover of ANZ's One Path Pensions and Investments business. The wealth manager said the final completion of its purchase of the ANZ ...

WDE board pushes for takeover

KARREN VERGARA  |  THURSDAY, 27 SEP 2018
Wealth Defender Equities is urging its shareholders to accept WAM Capital's takeover bid. WDE non-executive directors, comprising Paul Clitheroe, Richard Morath and chair Alan Schoenheimer, said they have carefully considered the offer and recommended ...

Zenith introduces shareholder voting advice

KARREN VERGARA  |  TUESDAY, 18 SEP 2018
... deciding if the move is in the best interests of their client base, it said. WAM Capital made a conditional off-market takeover bid for Wealth Defender Equities for a price of $0.996 per share. WDE is managed by Perennial Value Management and invests ...