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Showing 391 - 400 of 2014 results for "BID"

WAM looks to acquire Asian equities LIC

KARREN VERGARA  |  WEDNESDAY, 29 SEP 2021
... WAM has its eye on PM Capital Asian Opportunities Fund (PAF), offering to pay $1.147 per PAF share. The 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 value ...

More departures at EISS Super

JAMIE WILLIAMSON  |  MONDAY, 20 SEP 2021
Just a week on from the exit of its chief executive, EISS Super has also now bid farewell to its chair and several directors. Fund chair Warren Mundy has departed the fund, alongside directors Mike Roche, Juliet Dunworth and Thomas Costa. Roche had ...

FSC suggests CSLR improvements

KARREN VERGARA  |  MONDAY, 20 SEP 2021
The Financial Services Council has highlighted numerous holes in the Compensation Scheme of Last Resort in a bid to prevent financial advisers that "have done nothing wrong" from paying for the scheme. The FSC is calling on corporate regulator ASIC ...

EQT Group dumps Iress bid

ANNABELLE DICKSON  |  FRIDAY, 17 SEP 2021
The European private equity firm has abandoned its plans to acquire Iress with both parties unable to agree to a transaction. Last week Iress granted EQT a further 10 days to complete its due diligence after an initial 30-day access on August 11. EQT's ...

IFM Investors' Sydney Airport dream still alive

ELIZABETH MCARTHUR  |  MONDAY, 13 SEP 2021
... rejected bids, Sydney Airport announced to the ASX that it is considering the consortium's (Sydney Aviation Alliance) latest bid of $8.75 cash per share. The consortium is comprised of IFM Investors, QSuper and Global Infrastructure Management and now ...

EQT gets 10 more days of due diligence at Iress

KANIKA SOOD  |  FRIDAY, 10 SEP 2021
... its due diligence. The European private equity firm was granted 30-day access to Iress's books on August 11, at its third bid. EQT's third offer was to acquire Iress shares at $15.91 plus a 16-cent dividend per share as it caved on previous offers that ...

Buy-sell spreads higher for active and diversified ETFs: Rainmaker

KANIKA SOOD  |  MONDAY, 30 AUG 2021
... the mid-price of $100, the buy price may be $100.02 while on selling, the investor may only get $99.98. This would imply a bid-ask or buy-sell spread of 4bps. A tight buy-sell spread is good for the investors as they get to keep more of their investment ...

Mainstream revenue up 18%

KANIKA SOOD  |  FRIDAY, 27 AUG 2021
... of arrangements with Vistra, SS&C and finally Apex Fund Holdings which emerged as the winner of the acquisition. The Apex bid has the board's support but is yet to be put to shareholder vote. Mainstream paid a $1.7 million break fee to Vistra, and will ...

APRA expands life insurance data reporting

KARREN VERGARA  |  THURSDAY, 19 AUG 2021
... reports. The prudential regulator said it will release more of the life insurance and general insurance data it collects in a bid to promote greater transparency and efficiency, support competition, and facilitate innovative uses of the data. APRA's ...

360 Capital winds up listed equities business

KANIKA SOOD  |  THURSDAY, 19 AUG 2021
... co-founder Alan Dixon's departure. Eventually, it built a 20.22% shareholding in the company but had to drop the takeover bid in April. It has since offloaded its EP1 stake, which it says, netted a profit of $9.1 million or an IRR of 54%.