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Showing 1 - 10 of 29 results for "Scheme Implementation Deed"

Link, The Trust Bank progress acquisition

KARREN VERGARA  |  TUESDAY, 20 FEB 2024
... commenced working together on the "integration planning process." Last December, the parties entered a Scheme Implementation Deed (SID) with The Trust Bank in which it will pay $1.2 billion for Link. The scheme is subject to various conditions such as ...

Mitsubishi UFJ Financial Group to acquire Link Group

KARREN VERGARA  |  MONDAY, 18 DEC 2023
... MUFG's subsidiary Mitsubishi UFJ Trust & Banking Corporation (The Trust Bank) parties signed the scheme implementation deed today that will pay $2.26 cash for every Link share, which is inclusive of a $0.16 dividend. MUFG is paying a 33% premium ...

Rival bidder seeks to acquire Diverger

KARREN VERGARA  |  MONDAY, 30 OCT 2023
... insurance broking". COG anticipates commencing the due diligence process immediately and entering a scheme implementation deed before November 1. In response, Diverger said it is working through COG's proposal and has not made any recommendations yet. ...

Count to take over Diverger

KARREN VERGARA  |  FRIDAY, 22 SEP 2023
... and advice, and house 550 financial advisers. The two ASX-listed firms have entered into a binding scheme implementation deed in which Count will acquire 100% of Diverger. Count is set to pay $45.3 million for Diverger. Diverger shareholders will receive ...

Pendal, Perpetual amend deal terms

JAMIE WILLIAMSON  |  THURSDAY, 17 NOV 2022
... appearance by Perpetual and Pendal regarding the remedies available in the event Perpetual breaches the scheme implementation deed or indicates it will. Pendal and Perpetual both entered a trading halt this morning, pending a court decision. The court ...

Perpetual knocks back second takeover offer

JAMIE WILLIAMSON  |  THURSDAY, 10 NOV 2022
... court hearing this week. Pendal said it intends to proceed without delay. "Pendal notes that while the scheme implementation deed permits Perpetual to engage with another proposal, it does not permit Perpetual to terminate or otherwise abandon the Scheme ...

Perpetual takeover of Pendal progresses

ANDREW MCKEAN  |  WEDNESDAY, 19 OCT 2022
... the transaction by January 2023." As previously reported by Financial Standard, Perpetual entered a Scheme Implementation Deed to acquire Pendal. Since the announcement, a joint transaction integration committee was established to oversee the key conditions ...

Link Group acquires HS Pensions

ANDREW MCKEAN  |  TUESDAY, 30 AUG 2022
... employment conditions and increased market volatility." Providing an update on Link Group's signed revised Scheme Implementation Deed with Dye & Durham Corporation. The company announcement stated that the scheme remains subject to certain conditions ...

HUB24, Class alter acquisition terms

KARREN VERGARA  |  TUESDAY, 14 DEC 2021
... declare any dividend, including any ordinary interim dividend of up to 2.5 cents per share. If the Scheme Implementation Deed is successfully implemented, it will accelerate HUB24's platform future strategy, HUB24 said, adding that the combined business ...

Takeovers Panel weighs in on WAM takeover

KARREN VERGARA  |  THURSDAY, 9 DEC 2021
... September 2021 and 12 October 2021 contravened s606(1) of the Corporations Act, the panel found. The Scheme Implementation Deed between PAF and PGF also contained a $500,00 break fee. "We believe that it wasn't fair to shareholders that a company ...
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