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Showing 661 - 670 of 2802 results for "Shareholders"

Mirae to launch local ETF suite

KARREN VERGARA  |  FRIDAY, 25 FEB 2022
... year, TA Associates took about a 50% stake in BetaShares Holdings, replacing Mirae's holding and some minority shareholders. The sale price and actual stake were not disclosed. Global X, headed by chief executive Luis Berruga, offers ETFs across ...

AGL rejects Cannon-Brookes, Brookfield bid

ELIZABETH MCARTHUR  |  MONDAY, 21 FEB 2022
... per share. The board of AGL said the offer "materially undervalues" the company and is not in the best interests of shareholders. The proposal represented a 4.7% premium on Friday's closing price of $7.16, and a 4.2% premium on the average share price ...

HUB24 completes Class acquisition

KARREN VERGARA  |  FRIDAY, 18 FEB 2022
... two roles. As part of the deal, HUB24 issued 11.4 million ordinary shares and paid $15.7 million in cash to Class shareholders. The newly issued HUB24 shares were expected to commence trading on the ASX on February 17. HUB24 chief executive Andrew Alcock ...

Blackstone agrees $8.9bn deal with Crown

CHLOE WALKER  |  WEDNESDAY, 16 FEB 2022
... customers and stakeholders," he said. Crown chair Ziggy Switkowski agreed that the deal represents good value for shareholders. "The board has fully considered the Blackstone Transaction and unanimously recommends the proposal, subject to customary conditions ...

Brookfield mulls spinning off AM business

JAMIE WILLIAMSON  |  FRIDAY, 11 FEB 2022
... future, saying it may look to spin off its asset management business into a separate public company. In a letter to shareholders, Brookfield Asset Management chief executive Bruce Flatt said the firm is weighing whether it would be better off "asset-light" ...

Proxy advice reforms defeated

RACHEL ALEMBAKIS  |  FRIDAY, 11 FEB 2022
... decreased the accountability of boards and management," Rennie said. "Boards are ultimately responsible to their shareholders. Restricting the ability of certain investors to access advice in the lead up to a vote could limit their ability to exercise ...

Mine unions pressure funds over Rio

ELIZABETH MCARTHUR  |  FRIDAY, 11 FEB 2022
... investors. The WMWA has written to 13 super funds which invest in Rio Tinto, asking them to exercise their powers as shareholders to act on the report. The independent report was recently released by Elizabeth Broderick and Co. It found that, of all ...

Magellan funds under review

ELIZABETH MCARTHUR  |  TUESDAY, 8 FEB 2022
... indefinite leave from narrow-moat Magellan surprised us. But we don't believe this is overly value-destructive for shareholders."

Class chief exits following takeover

KARREN VERGARA  |  TUESDAY, 8 FEB 2022
... financial planning business. Russell commented: "I'm very proud of the value we have delivered to our customers and shareholders and the development of our people. It has been a privilege to lead such a talented and values driven organisation." He added ...

Magellan shuns turnaround companies

KARREN VERGARA  |  FRIDAY, 4 FEB 2022
... confident you are going to get a very high rate of return or satisfactory rate of return on your money." Magellan shareholders suffered a tumultuous December quarter, fearing what the loss of a major mandate and troubles at the executive level meant ...