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Showing 31 - 40 of 224 results for "Austock"

Mariners bid underdone

BEN COLLINS  |  TUESDAY, 14 AUG 2012
... considering an appeal, after the Takeovers Panel ruled that it couldn't count on the funding for its proposed bid for Austock. Darren Olney-Fraser, Mariner CEO, was unable to confirm the appeal, but said a meeting would be held today to discuss the company's ...

Folkestone forced to pay cash

BEN COLLINS  |  THURSDAY, 9 AUG 2012
Folkestone will have to pay cash for the Austock property business, after the Pooled Developments Funds Board knocked back its cash-and-scrip offer. The $11 million sale was going to be paid 70% in cash, and 30% in Folkestone Shares, however the agreement ...

Austock seeks liquidity for shareholders who want out

BEN COLLINS  |  TUESDAY, 7 AUG 2012
The Austock Group has announced plans for an on-market buy-back of up to 27 million fully paid ordinary shares, approximately 20% of its total shares on issue. Bill Bessemer, Austock Group chief executive offer, said that the buy-back was to provide ...

TO Panel silences Mariner

BEN COLLINS  |  THURSDAY, 26 JUL 2012
... by its chief executive officer to the media. Mariner Corporation had applied to the takeovers panel to stop the sale of Austock's property business, which it labeled as a "blatant" attempt to block its bid for all shares in the company. After Darren ...

Mariner calls it quits on Austock offer

BEN COLLINS  |  WEDNESDAY, 25 JUL 2012
Mariner Corporation has withdrawn its takeover offer for Austock after a "blatant attempt" to block its bid. In a statement to the Australian Stock Exchange (ASX) yesterday Mariner Corporation said that the sale of the Austock property management business ...

Mariner lodges TO panel complaint

BEN COLLINS  |  MONDAY, 16 JUL 2012
Mariner Corporation has gone to the Takeovers Panel to try and stop the sale of Austock's property business. Austock last week announced plans for an $11 million sale of Austock Property Funds Management and its related entities to Folkestone Limited ...

Austock sells PFM to Folkstone

BEN COLLINS  |  TUESDAY, 10 JUL 2012
Austock Funds Management has reached an agreement to sell its Property Funds Management business to Folkstone Limited, leaving Mariner Corporation's takeover bid in doubt. Darren Olney-Fraser, Mariner chief executive officer, told Financial Standard ...

Austock bid on ice

BEN COLLINS  |  FRIDAY, 6 JUL 2012
A trading halt placed on the Austock Group may impact Mariner Corporation's takeover bid for the company. The trading halt followed reports that Austock chief executive Bill Bessemer was in talks with Folkestone Limited about a joint venture to run ...

Mariner revises Austock offer

MELANIE TIMBRELL  |  MONDAY, 2 JUL 2012
Mariner Corporation has revised the conditions of its intended takeover of Austock Group, including a small rise in bid price for shareholders. On June 25 Mariner announced an intention to purchase all shares in Austock at 10.5 cents per share. Shareholders ...

Mariner launches Austock takeover bid

MELANIE TIMBRELL  |  TUESDAY, 26 JUN 2012
Listed investment firm Mariner Corporation has made a takeover bid on Austock Group at a slim 5% premium. Mariner yesterday informed the market that it intends to make an offer to Austock shareholders to acquire all issued shares. Mariner expects to ...