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Showing 491 - 500 of 2017 results for "BID"

Macquarie makes telecoms bid

ELIZA BAVIN  |  MONDAY, 8 FEB 2021
Macquarie Infrastructure and Real Assets (MIRA) has made a non-binding indicative proposal to acquire 100% of Vocus Group. Vocus confirmed MIRA had made an offer to acquire the company for $5.50 per share. The offer is an increase on Vocus' previous ...

Chief economist update: Disappointing jobs results raise Biden's stimulus bid

BENJAMIN ONG  |  MONDAY, 8 FEB 2021
... decade before - bad news is good news. This is because the weakness in the US labour market only strengthens Joe Biden's bid to deliver his US$1.9 trillion stimulus package. And it will pack a punch. As per IMF 2020 nominal GDP estimates, this is ...

Another glitch for the ASX

ANNABELLE DICKSON  |  THURSDAY, 4 FEB 2021
... Chi-X bids and offers. The exchange notified participants ASX Centre Point execution prices will be based on the ASX-lit best bid and offer only, therefore, Chi-X bids and offers would not be used. This comedy of errors led to ASIC stepping in to say ...

Magnolia Capital takeover saga continues

KARREN VERGARA  |  TUESDAY, 2 FEB 2021
Magnolia Capital has expressed doubts about the solvency of The Agency Group as the saga over its takeover bid continues. Magnolia said it has accepted the findings of the Takeovers Panel but continues to have concerns about the solvency of The Agency ...

Link scraps European acquisition

KARREN VERGARA  |  MONDAY, 1 FEB 2021
... Group has canned its $266 million European acquisition and is forging ahead with the sale of PEXA. Link scrapped its takeover bid of Pepper European Servicing (PES), offering $266 million for the loan servicing, advisory and asset management firm operating ...

Chief economist update: Overvaluation tests FOMO and TINA trades

BENJAMIN ONG  |  MONDAY, 1 FEB 2021
Wall Street's down. Repeat, Wall Street's down! The CBOE VIX index - the fear gauge - jumped by 9.5% in the last trading day of the first month of 2021 to 33.09 points, marking the highest since the renewed COVID-19 outbreak in Europe that subsequently ...

Investors going in blind: Research

ANNABELLE DICKSON  |  THURSDAY, 28 JAN 2021
... as a surge of activist investors have pushed the share price of US-based retailer Gamestop over 600% in the last week in a bid to short-squeeze hedge funds. The amateur investors, using the Reddit forum WallStreetBets, are reportedly targeting hedge ...

IFM makes multi-billion-dollar energy bid

ELIZA BAVIN  |  WEDNESDAY, 27 JAN 2021
IFM Investors has made a EUR 5 billion offer for a 22% stake in Spanish energy company Naturgy Energy Group. The stake will form part of IFM's Global Infrastructure Fund. Naturgy is based in Spain and listed on the IBEX 35 exchange. Its diversified ...

Fund manager hires distribution lead

KARREN VERGARA  |  MONDAY, 25 JAN 2021
Eildon Capital has appointed a head of distribution and investor relations in a bid to expand its funds management business. Lulu Yan will oversee the unlisted funds the firm manages. Yan came from Darland, a developer of residential property in Victoria ...

Chief economist update: Virus now, inflation later

BENJAMIN ONG  |  MONDAY, 25 JAN 2021
The inauguration of Joe Biden as the US's 46th president and his almost immediate buckling down to work garnered much of the media's attention last week. Hours after he was sworn in, Biden signed 17 executive orders, memorandums and proclamations ...