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Showing 501 - 510 of 1945 results for "Proposal"

AMP Capital still being dressed up for sale

ELIZABETH MCARTHUR  |  THURSDAY, 11 FEB 2021
... year. "If we don't make performance, we don't make fees," De Ferrari said. Ares backed out of its non-indicative proposal to acquire 100% of the AMP business for $1.85 per share but the Ares bid or AMP Capital is still very much on the table. ...

Ares backs out of AMP bid

ELIZA BAVIN  |  THURSDAY, 11 FEB 2021
Ares Management has backed out of its acquisition proposal with AMP saying its strategy for its Australia and New Zealand wealth management businesses is likely to be the optimal way forward. The announcement comes as AMP disclosed its full year results ...

The trouble with best financial interests duty

KARREN VERGARA  |  WEDNESDAY, 10 FEB 2021
... interest duty' appears to be unnecessary, according to Natalie Cambrell, principal solicitor at KQH Lawyers. "Both the proposal to add the word 'financial' to the existing best interests covenant and the proposal to reverse the evidential burden of proof ...

Chief economist update: The US inflation dilemma

BENJAMIN ONG  |  TUESDAY, 9 FEB 2021
... over the risk of an inflation outbreak. He says: Summer's admit that the economy still needs support but that Biden's proposal is excessive. "There is a chance that macroeconomic stimulus on a scale closer to World War II levels than normal recession ...

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 ...

Super funds bow to divestment pressure

ELIZABETH MCARTHUR  |  THURSDAY, 4 FEB 2021
A new report has revealed the number of companies Australia's largest super funds have rapidly divested amid pressure to invest with climate change in mind. Nine of the 40 largest super funds in Australia have now announced divestment from some of the ...

Fund manager hires distribution lead

KARREN VERGARA  |  MONDAY, 25 JAN 2021
... paid $4 million to buy Eildon Funds Management to previous owner CVC. EDC's independent directors negotiated the proposal with CVC and entered into a share purchase agreement, funded via a cross-staple loan from Eildon Trust to Eildon Capital. EDC ...

APRA delays insurance in super guidance

ELIZA BAVIN  |  THURSDAY, 21 JAN 2021
The prudential regulator has released an updated draft guidance for insurance in superannuation as part of its consultation period, delaying the commencement date by six months. Several changes have been made the original document released in November ...

SS&C withdraws Link offer

ELIZA BAVIN  |  MONDAY, 4 JAN 2021
Link Group confirmed SS&C has withdrawn its takeover proposal. The SS&C Technology holdings proposal, announced in October 2020, offered $5.65 per share for 100% of Link via a scheme of arrangement, after the original offer of $4.96 was rejected by ...

Link unsatisfied with new offer, allows due diligence

ANNABELLE DICKSON  |  THURSDAY, 10 DEC 2020
Link Group has responded to the recent takeover proposal from SS&C Technology Holdings, saying it inappropriately values the company but will allow the commencement of due diligence with the hopes of a better offer. As announced on Monday, SS&C Technology ...