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Showing 551 - 560 of 1259 results for "Takeover"

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Mariner Corporation has withdrawn its takeover offer for Austock after a "blatant attempt" to block its bid.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 ...

Market Wrap

AAP  |  TUESDAY, 24 JUL 2012
... slated to post June quarter reports. Troubled surfwear retailer Billabong has confirmed it has received a $1.45-a-share takeover offer from US private equity firm TPG. Its shares are currently in a trading halt. The mining giants were all higher at open. ...

ACCC clears Hastings offer

BEN COLLINS  |  FRIDAY, 20 JUL 2012
The Australian Competition & Consumer Commission will not oppose the APA Group's proposed takeover of the Hastings Diversified Utilities Fund. Market participants had expressed concern over the ramifications of the deal, but the Australian Competition ...

ClearView rejects PE bid

BEN COLLINS  |  TUESDAY, 17 JUL 2012
The board of ClearView Wealth Limited has rejected an "Unsolicited" takeover bid by private equity manager Crescent Capital Partners. In a statement to the ASX this morning, the ClearView Board said it had considered the conditional unsolicited offer ...

Plan B board accepts IOOF offer

BEN COLLINS  |  MONDAY, 16 JUL 2012
The board of Perth-based Plan B Holdings Limited has recommended a $49.1 million takeover offer made by IOOF. IOOF had proposed to acquire 100% of the fully paid ordinary shares in Plan B, in an off-market takeover that would see it add $2.2bn in funds ...

Mariner lodges TO panel complaint

BEN COLLINS  |  MONDAY, 16 JUL 2012
... the sale of Austock's principal business gives rise to unacceptable circumstances as it is intended to defeat Mariner's takeover bid and the break fees agreed by Austock are un-commercial and intended to make any alternative commercial proposition costly," ...

PE firm makes ClearView bid

BEN COLLINS  |  THURSDAY, 12 JUL 2012
An Australian private equity manager has made an off-market takeover bid for all shares in ClearView Wealth Limited. In a statement to the Australian Stock Exchange this morning (ASX), Crescent Capital Partners (CCP) Management said it would make an ...

Pipeline Partners makes HFM bid

BEN COLLINS  |  WEDNESDAY, 11 JUL 2012
Pipeline Partners Australia has made a binding $1.23bn takeover offer for the Hastings Diversified Utilities Fund. "The Hastings Funds Management Ltd (HFML) subcommittee of independent directors is currently considering the terms of the proposal and ...

Austock sells PFM to Folkstone

BEN COLLINS  |  TUESDAY, 10 JUL 2012
... 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 that he would now consider fighting ...

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 ...