Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 351 - 360 of 1259 results for "Takeover"

RNY wind-up sought as ASIC blocks Aurora move

ALEX BURKE  |  TUESDAY, 9 JAN 2018
... RAML said. RAML's board added that it would not be reasonable for RAML to remain RNY's RE while also executing Aurora's takeover of the trust, saying this wouldn't be in the best interests of unitohlders. "Considering that Aurora has not been able to ...

WAM pulls out of takeover deal

ALEX BURKE  |  MONDAY, 8 JAN 2018
Wilson Asset Management, via WAM Capital, withdrew its intention to make a takeover bid for Molopo Energy following the latter making a disqualifying transaction. WAM chair Geoff Wilson explained to the ASX that the takeover bid was announced "following ...

Court shuts down listed investment manager lawsuit

ALEX BURKE  |  FRIDAY, 8 DEC 2017
... Keybridge's ASX statement said at the time. More recently, Wilson Asset Management, via WAM Capital, submitted an off-market takeover proposal for Molopo Energy, following similar contested proposals from Keybridge and Aurora. WAM Capital is seeking ...

RNY unitholders left unpaid after Aurora scandal

ALEX BURKE  |  WEDNESDAY, 29 NOV 2017
Many unitholders in the RNY Property Trust have yet to be compensated following the takeover by Aurora Funds Management, whose chief financial officer was terminated after $1 million vanished from a listed Aurora trust last weekend, and ASIC has so ...

Aurora CFO terminated as $1m vanishes from listed trust

ALEX BURKE  |  MONDAY, 27 NOV 2017
... currently in the process of taking over the RNY Property Trust. Aurora said this incident should not affect completion of the takeover, even if payment to certain RNY unitholders will be delayed. Aurora has notified the incident to ASIC "as required ...

WAM enters the fray for Molopo takeover

ALEX BURKE  |  THURSDAY, 9 NOV 2017
Wilson Asset Management, via WAM Capital, has submitted an off-market takeover proposal for Molopo Energy, following similar contested proposals from Keybridge Capital and Aurora Funds Management. WAM Capital is seeking all ordinary shares in Molopo ...

Aurora finalises Hastings takeover bid

ALEX BURKE  |  MONDAY, 23 OCT 2017
Aurora Funds Management finalised its takeover bid for all ordinary units in the Hastings High Yield (HHY) Fund. Acting as the responsible entity for both the Aurora Global Income Trust (AIB) and HHY, Aurora closed the takeover bid on October 13. The ...

Managed accounts demand dominates platform market

KARREN VERGARA  |  SUNDAY, 17 SEP 2017
... better and deliver better outcomes for clients, Dunnin said. He forecasts in the next five years, managed accounts will takeover investment wraps and non-super platforms. Half of advisers not using managed accounts agreed with this prediction. In two ...

Tower lodges cross appeal to NZ High Court

JAMIE WILLIAMSON  |  TUESDAY, 5 SEP 2017
After having a proposed takeover by Suncorp subsidiary Vero Insurance declined by New Zealand regulators, Tower has lodged a cross appeal against the decision. In a statement to the ASX, Tower advised that it has now formally lodged its own cross appeal ...

Suncorp Tower takeover denied by competition watchdog

EMMA RAPAPORT  |  THURSDAY, 27 JUL 2017
... Fears that "substantially lessened" competition in New Zealand's personal insurance market would result from Suncorp's takeover of Tower has led to the New Zealand Commerce Commission denying the proposed merger. In a statement commission chairman Mark ...