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Showing 1 - 10 of 1835 results for "BID"

Morningstar unsure if KKR's Perpetual bid benefits shareholders

ANDREW MCKEAN  |  THURSDAY, 9 MAY 2024
Morningstar has maintained its fair value estimate of $26 per share for Perpetual stock, even after KKR confirmed it will buy its wealth management and corporate trust businesses yesterday. Morningstar analyst Shaun Ler said KKR's proposed acquisition ...

Platinum's FUM dips below $14bn

KARREN VERGARA  |  WEDNESDAY, 8 MAY 2024
... chief executive Jeff Peters unveiled his turnaround plan in March. The reset phase currently underway will slash costs in a bid to "right size" the business. It also involves reviewing existing product offerings and distribution channels, the investment ...

Treasury shakes up foreign investing framework

KARREN VERGARA  |  WEDNESDAY, 1 MAY 2024
... and more participation by providing a fee refund for foreign investment applications that were unsuccessful in a competitive bid process. Additionally, the government will release draft regulations to exempt inter-funding transactions from foreign investment ...

Link shareholders approve takeover

ELIZA BAVIN  |  FRIDAY, 26 APR 2024
... acquisition by MUFG's subsidiary Mitsubishi UFJ Trust & Banking Corporation (The Trust Bank). MUFG made the $1.2 billion takeover bid in December last year. MUFG will pay $2.26 cash for every Link share, inclusive of a $0.16 dividend. The takeover still ...

LIT delisting simplifies Forager: CIO

KARREN VERGARA  |  TUESDAY, 23 APR 2024
... chief investment officer is urging investors to vote in favour of delisting a troubled listed investment trust (LIT) in a bid to simplify the business. Chief investment officer Steve Johnson wrote to investors that if the Forager Australian Shares Fund ...

ATO targets crypto investors, sharing economy

KARREN VERGARA  |  WEDNESDAY, 17 APR 2024
... crypto-asset earned via staking or airdrops, the amount reported as income will be the cost base for calculating CGT. In a bid to search for elusive investors, Chapman said the ATO is collecting bulk records from Australian cryptocurrency designated ...

AMP executive pay packet shrinks amid simplification

KARREN VERGARA  |  MONDAY, 15 APR 2024
... major change from this strategy," she said. Next year, AMP Bank will launch a new digital small business banking offering in a bid to address funding constraints and diversify the revenue and customer base. At the AGM, shareholders approved adopting ...

$53bn added to ETF market over 12 months

ELIZA BAVIN  |  THURSDAY, 11 APR 2024
... quarter. "Australian investors have steadily been lifting their exposure to international equity ETFs listed on the ASX in a bid to capture the strong returns we've seen on offshore markets," Vanguard head of ETF capital markets, Asia Pacific Adam ...

Government introduces company merger overhaul

ANDREW MCKEAN  |  WEDNESDAY, 10 APR 2024
Australia's merger rules will be reformed in a bid to boost competition and productivity in the economy. Treasurer Jim Chalmers and assistant minister for competition, charities, and treasury Andrew Leigh jointly stated that mergers will be approved ...

Monochrome makes play to become a spot Bitcoin ETF in Australia

ANDREW MCKEAN  |  MONDAY, 8 APR 2024
Monochrome Asset Management has moved its bid for a spot Bitcoin ETF to Cboe from the ASX. The investment manager said Cboe is at the forefront of financial innovation, especially trade execution, which perfectly aligns with its ambition to expand its ...
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