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Showing 51 - 60 of 124 results for %22Stake Premium%22

Insurance shake-up puts clients first

KARREN VERGARA  |  TUESDAY, 2 OCT 2018
Round six of the Royal Commission exposed systemic issues across the life insurance value chain and its fledgling code of practice that's yet been powerless to stop unethical behaviour. But industry experts say all hope is not lost. Counsels assisting ...

Investa Office Fund's Canadian bidder ups the stakes

KANIKA SOOD  |  MONDAY, 17 SEP 2018
... board recommended unanimously the Blackstone offer in its meeting adjournment announcement. Oxford's Friday offer is a 7% premium to Thursday's close of $5.54.

WAM Capital announces LIC takeover bid

KARREN VERGARA  |  FRIDAY, 31 AUG 2018
... Capital said. If the bid is successful, WAM Capital shareholders will benefit from realising all or part of WAM's 16.27% stake in WDE. In response, the WDE board said it will consider the offer in due course and will make a formal recommendation ...

Boutique fund house backs zinc project

JAMIE WILLIAMSON  |  FRIDAY, 24 AUG 2018
... Tribeca became wholly-owned by its management for the first time in 10 years. Previously Grant Samuel Funds Management held a stake in the boutique; it continues to distribute the firm's Alpha Plus and Smaller Companies funds.

YBR rejects 'opportunistic' takeover bid

KARREN VERGARA  |  TUESDAY, 21 AUG 2018
... superior proposal, with the Mercantile Investment Company subsidiary offering 7.75 cents in cash per IPE share - a 23% premium above the last traded price before the offer of $0.063 per share. YBR listed on 1 January 2008 and traded at 10 cents at publication ...

ARCO takes a net short on Australian financials

KANIKA SOOD  |  WEDNESDAY, 1 AUG 2018
... before the GFC. It has attracted investment from Melbourne-based family office Burnham Capital. Burnham acquired a minority stake in ARCO in 2017, providing some additional working capital and governance through two board seats. Both co-founders' ...

Global investment giant to acquire Investa fund

ALEX BURKE  |  MONDAY, 28 MAY 2018
... unitholders and in the absence of a superior proposal," Investa said. Late last year, Cromwell Property Group sold its entire stake in IOF to Investa for 59.3 million shares at $4.65 per security. The $276 million purchase increased Investa's holding ...

Super industry wants tougher insurance code

KARREN VERGARA  |  MONDAY, 19 MAR 2018
Industry stakeholders expect 90% of Australia's superannuation funds to sign the Insurance in Superannuation Voluntary Code of Practice before March 31, despite its several shortcomings. ANZ, AustralianSuper, MLC, MTAA Super, REST Industry Super and ...

AXA inks $20 billion deal, pivots insurance business strategy

JAMIE WILLIAMSON  |  TUESDAY, 6 MAR 2018
... XL Group for a total consideration of $19.7 billion, to be paid in cash. AXA offered US$57.60 for each XL share, a 33% premium on the company's closing price on 2 March 2018. AXA chief executive Thomas Buberl described the transaction as a strategic ...

Industry fund buys $7 million beef stake

JAMIE WILLIAMSON  |  FRIDAY, 23 FEB 2018
... Government of $3.3 million via its new GO NSW Equity Fund, of which First State Super is a partner. Stone Axe Pastoral is a premium wagyu beef operation focused on producing full-blood wagyu - the offspring of a wagyu sire and a wagyu dam whose pedigrees ...