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Showing 421 - 430 of 1945 results for "Proposal"

European syndicate bids for Link subsidiary

KARREN VERGARA  |  FRIDAY, 12 NOV 2021
... reaching certain targets. Other members of the syndicate will take over the Irish business for €15m. Link said the proposal was conditional and non-binding, and it will now seek financial, legal and tax advice. "Shareholders do not need to take any ...

IFM consortium to take over Sydney Airport

ANNABELLE DICKSON  |  MONDAY, 8 NOV 2021
... Airport boards believe the outcome reflects appropriate long-term value for the airport, and unanimously recommend the proposal to security holders, subject to customary conditions such as independent expert approval and no superior proposal." The Sydney ...

Carlyle Group bids for Link

ANNABELLE DICKSON  |  FRIDAY, 5 NOV 2021
... pro rata distribution of Link Group's shareholding in PEXA Group to Link's shareholders worth $2.38 per Link share. The proposal values each Link Group share at a 24.2% premium to its last closing price. VanEck deputy head of investments and capital ...

PM Capital forges ahead with LIC merger

KARREN VERGARA  |  FRIDAY, 5 NOV 2021
... vote on the merger. PAF directors urged shareholders to "vote in favour" of the transaction in the absence of a superior proposal and in return they will be offered PGF shares as consideration. PGF said its proposal represents a 23.8% premium to PAF's ...

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 ...

Major legislations hit parliament

KARREN VERGARA  |  FRIDAY, 29 OCT 2021
Two major pieces of legislation have been introduced in parliament, including the Compensation Scheme of Last Resort. The scheme facilitates the reimbursement of up to $150,000 to compensate consumers affected by bad personal advice, credit intermediation ...

360 Capital bids for property fund manager

KARREN VERGARA  |  TUESDAY, 19 OCT 2021
... Property Fund internalised its management and became the Irongate Group last year. The IAP board said the indicative proposal is conditional and uncertain and that "360 Capital internal funding resources have not been identified and are subject to approval ...

Industry mixed over FSC advice framework

ANNABELLE DICKSON  |  FRIDAY, 15 OCT 2021
The financial advice industry welcomes the Financial Services Council (FSC) recommendations to help reduce red tape and make financial advice more affordable, but one dealer group is unsure whether the FSC is trustworthy - particularly for risk advisers. ...

BlackRock votes against CBA resolution

ELIZABETH MCARTHUR  |  FRIDAY, 15 OCT 2021
... the fossil fuel industry." According to Market Forces, approximately 15% of CBA shareholders indicated support for the proposal ahead of the annual general meeting. However, BlackRock maintained: "In general, BIS does not support shareholder proposals ...

FSC advice reforms slash time, costs by 30%

KARREN VERGARA  |  TUESDAY, 12 OCT 2021
The reforms proposed by the Financial Services Council could reduce the time and cost to produce financial advice by more than 30% respectively. Modelling provided by KPMG Australia estimates that advisers incur $5334 to provide advice and spend 23.9 ...