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Showing 731 - 740 of 2369 results for "Merger"

Hostplus, Intrust merger now official

KANIKA SOOD  |  FRIDAY, 25 JUN 2021
The two funds have confirmed they have signed a successor fund transfer deed to chase a merger, as first revealed by Financial Standard on May 21. Hostplus and Intrust Super are targeting a completion of the merger by November 26. It is understood that ...

Soul Patts to acquire LIC

KANIKA SOOD  |  TUESDAY, 22 JUN 2021
Washington H Soul Pattinson will pay about $4 billion for a scrip merger with LIC Milton Corporation, as it chases liquidity for new acquisitions and better index participation. Milton Corporation (MLT) is an Aussie equities listed investment company ...

LGIAsuper to rebrand

ELIZABETH MCARTHUR  |  TUESDAY, 22 JUN 2021
As LGIAsuper completes its merger with Energy Super and starts the process of integrating Suncorp's super business into the fund, chief executive Kate Farrar tells Financial Standard there are some big changes ahead. From 1 July 2021, the successor ...

Catholic, Equip SFT to see Fairley exit

JAMIE WILLIAMSON  |  FRIDAY, 18 JUN 2021
... lot of the expenses using the savings that we've achieved through the joint venture." Uniquely, even after the formal merger, the fund plans to retain the separate brands with which those members identify will remain. "That's a well-trodden path ...

LIC restructures to ETMF

ELIZABETH MCARTHUR  |  THURSDAY, 10 JUN 2021
... decision. This was because by 22 March 2017 the LIC was trading at a 13% discount. After a series of buybacks and options and a merger proposal from Sandon which suggested MA1 be liquidated to cash and taken over at 8% below net-tangible assets in 2018 ...

Centuria launches unlisted fund

KARREN VERGARA  |  THURSDAY, 10 JUN 2021
... Huljich forecasts that the fund will yield 5.25% in FY22 and will grow to 5.35% in the ensuing financial year. Following the merger with Primewest, Huljich said Centuria will be one of the largest unlisted property fund managers in Australasia with about ...

Mergers push member positivity

ANNABELLE DICKSON  |  THURSDAY, 10 JUN 2021
The recent merger activity in the superannuation sector is received positively by members but engagement is still underwhelming, new research shows. The latest Investment Trends Super Member Engagement Report showed nearly a third of members see merging ...

Sunsuper, QSuper appoint leadership team

JAMIE WILLIAMSON  |  WEDNESDAY, 9 JUN 2021
The bulk of the executive lineup that will lead Sunsuper and QSuper post-merger has been named. In addition to Bernard Reilly as chief executive, eight more executives have been appointed to lead the merged fund following all relevant approvals. Most ...

Madison appoints general manager

KARREN VERGARA  |  FRIDAY, 4 JUN 2021
The head of advice at Madison Financial Group has been promoted to general manager in a newly created role. Jaime Johns takes on the new role after leading the advice unit for two years. She joined the group as national manager of advice and business ...

Primewest accepts merger offer

ANNABELLE DICKSON  |  FRIDAY, 4 JUN 2021
The founders of Primewest, who hold a 53% stake in the company, have accepted Centuria Capital Group's merger offer to become one of the largest real estate managers on the ASX. The Primewest founding directors John Bond, David Schwartz and Jim Litis ...