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

Search Results

Showing 381 - 390 of 2015 results for "BID"

PM Capital forges ahead with LIC merger

KARREN VERGARA  |  FRIDAY, 5 NOV 2021
... proposed merger, WAM Capital announced its intentions of acquiring PAF, offering to pay $1.147 per unit. WAM's proposed takeover bid is subject to several conditions. WAM wants PAF's net tangible assets not to fall more than 5% and that the market ...

Fiducian acquires $1.1bn advice business

JAMIE WILLIAMSON  |  WEDNESDAY, 3 NOV 2021
Fiducian was the successful bidder for the $1.1 billion financial advice subsidiary of a national bank. People's Choice Credit Union (PCCU) has sold its financial advice business to the ASX-listed group, in a move that continues Fiducian's ambitious ...

Pitcher Partners names Adelaide lead

ANNABELLE DICKSON  |  TUESDAY, 2 NOV 2021
Pitcher Partners appointed its first chief executive for its Adelaide business as it looks to leverage growth opportunities in the region. Gail Murphy-Nakkash relocated from Sydney to take on the position and was previously global general manager at ...

Netwealth proposes merger with Praemium

ANNABELLE DICKSON  |  TUESDAY, 2 NOV 2021
Early this morning Netwealth made an unsolicited bid of $785 million to merge with Praemium, but the latter has rejected the move. Netwealth offered one new share for every 11.96 Praemium shares plus a cash consideration following the net proceeds from ...

Financial services feels talent crunch

ELIZABETH MCARTHUR  |  THURSDAY, 28 OCT 2021
According to SEEK data, the number of unemployed people to each job vacancy is at an all-time low and financial services specialist recruiter Kaizen has confirmed the industry is also suffering a dearth of talent. In its most recent quarterly update ...

Fidelity moves on net zero

ANNABELLE DICKSON  |  WEDNESDAY, 27 OCT 2021
Fidelity International launched a climate investing policy with a rating scheme in a bid to halve its carbon emissions by 2030. The policy includes the introduction of Climate Ratings which assess the net zero targets and alignment of investments. They ...

Lakehouse Capital co-founder to depart

ANNABELLE DICKSON  |  THURSDAY, 21 OCT 2021
After five years, the Sydney-based investment firm is bidding farewell to its chief investment officer and co-founder. Joe Magyer will return to the US in March 2022 after nine years in Australia in order to be closer to his family. He first came to ...

360 Capital bids for property fund manager

KARREN VERGARA  |  TUESDAY, 19 OCT 2021
... runs two funds: Irongate Property Fund I and Irongate Property Fund II. 360 Capital is offering $1.65 per share in IAP. The bid price factors in a 10% premium to IAP's closing price of $1.50 on October 15 and a 36.4% premium to the trading price ...

Fiducian adds $38m FUA to network

KARREN VERGARA  |  FRIDAY, 8 OCT 2021
In a bid to expand nationally, Fiducian has helped one of its practices acquire clients with $38 million in funds under advice. Fiducian said it assisted the unnamed practice based in the Albury/Wodonga area by providing support services worth $360,000. ...

Mainstream shareholders vote in favour of Apex

ANNABELLE DICKSON  |  FRIDAY, 8 OCT 2021
... equivalent to 36x EBITDA guidance. It follows an intense bidding war set off by Apex making a superior offer to SS&C's original bid of $2 per share, coming in at $2.55 per share. SS&C exercised its matching right and increased its bid to $2.56 per ...