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Showing 21 - 30 of 35 results for "Independent Board Committee"

Watermark LIC seeks restructure

KANIKA SOOD  |  MONDAY, 28 SEP 2020
... units to a new share class in Watermark's unlisted Absolute Return Fund. It follows ALF appointing an independent board committee on September 3 to review options for the best capital management for the LIC. The restructure will allow the LIC's unitholders ...

Geoff Wilson feels sorry for CLF shareholders

ANNABELLE DICKSON  |  FRIDAY, 18 SEP 2020
... actually feel sorry for CLF shareholders as it appears the board is not being totally honest." CLF's independent board committee (IBC) intends to unanimously recommend shareholders reject the offer on the basis that it fails to provide shareholders ...

US firm makes second bid for Aussie fund

ELIZA BAVIN  |  THURSDAY, 30 JAN 2020
... by entering into pre-bid agreements with Starwood," the company said. AOF said it will establish an independent board committee to consider all deals and will keep AOF unitholders informed of any developments. Last year Starwood acquired a suburban Sydney ...

Listed fund manager plots expansion

HARRISON WORLEY  |  WEDNESDAY, 29 JAN 2020
... considering the acquisition of a New Zealand platform for some time. "Our engagement with the Augusta independent board committee, chaired by Augusta chair Paul Duffy and the company's management, has been professional and of a high caliber," Charny ...

Australian Unity fund manager steps down

KANIKA SOOD  |  TUESDAY, 4 DEC 2018
... acquire all shares in AOF for what the responsible entity says represented $2.87 cash for share. An independent board committee formed by the RE said Starwood's revised proposal did not represent compelling value for AOF unitholders. It closed Starwood ...

CFS technical expert moves to Australian Unity

KARREN VERGARA  |  WEDNESDAY, 10 OCT 2018
... with the previous three all having been rejected by Australian Unity Investment Real Estate's independent board committee.

Australian Unity mulls fund takeover

JAMIE WILLIAMSON  |  MONDAY, 8 OCT 2018
... with the previous three all having been rejected by Australian Unity Investment Real Estate's independent board committee. The first proposal in March was priced at $2.43, while the subsequent offers were $2.56 and $2.72 in May and July respectively. ...

Private equity firm confirms $2.2bn bid

EMMA RAPAPORT  |  THURSDAY, 8 JUN 2017
... months ending 30 June 2017 is between $365 and $375 million. The Vocus board of directors has formed an independent board committee, chaired by David Spence, to review and assess the proposal. In a statement to the ASX, the boarded noted there is no ...

Hunter Hall investment style to be maintained: WHSP

EMMA RAPAPORT  |  THURSDAY, 12 JAN 2017
... remainder of HHL's ordinary shares at $1 per share. Responding to the takeover bid, HHL established an independent board committee (IBC) and appointed Leadenhall Corporate Advisory to prepare an independent expert report to assess the value of HHL. In ...

BKI appoints external investment manager

ALEX BURKE  |  MONDAY, 26 SEP 2016
... services will be governed by the agreement between BKI and Contact." The agreement was negotiated by an independent board committee as advised by Ashurst Australia. BKI's statement concluded: "The BKI board believes that this structure positions the ...