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Showing 1 - 10 of 11 results for "Share Sale Agreement"

Sequoia abandons InterPrac sale

KARREN VERGARA  |  FRIDAY, 1 MAY 2026
... First Guardian Master Funds. In an update to the ASX, Sequoia said developments subsequent to signing the share sale agreement "resulted in circumstances where completion cannot occur on terms consistent with those originally contemplated by the parties." ...

Iress sells superannuation business

ELIZA BAVIN  |  MONDAY, 20 JAN 2025
... provider. The transaction is structured to release $40 million in cash consideration upon the completion of the share sale agreement, plus additional payments of up to $20 million over 12 months subject to agreed revenue milestones. Completion is expected ...

JANA management buys out Insignia stake

JAMIE WILLIAMSON  |  WEDNESDAY, 25 JAN 2023
... owned by Insignia Financial following its acquisition of MLC. JANA and Insignia have entered into a binding share sale agreement for the former's management team to buy the 45% stake which MLC Wealth had owned since 2017 when JANA's management ...

Westpac sells life insurance unit

KARREN VERGARA  |  MONDAY, 9 AUG 2021
... 0.96 x the life unit's FY20 value and excludes franking credits. The two firms have signed a binding share sale agreement that includes entering an exclusive 20-year partnership that sees TAL providing life insurance solutions to Westpac's existing ...

HUB24 finds new role for Paragem lead

ELIZA BAVIN  |  MONDAY, 21 DEC 2020
... Paragem shares will be issues by 4 January 2021 and will be subject to a holding lock until completion of the share sale agreement. The finalised offer is slightly different from the one previously announced in October. The previously announced transaction ...

Flamingo AI acquisition scrapped

KANIKA SOOD  |  TUESDAY, 16 JUN 2020
... Investments has been scrapped after due diligence by the latter, as the parties couldn't agree the terms of the share sale agreement. Flamingo's board has now set itself a 30-day timeline to find a new buyer for its intellectual property or business ...

Advice dealer group seeks ASX listing

JAMIE WILLIAMSON  |  THURSDAY, 24 JAN 2019
... proposition for investors," he said. In June 2018, AD Capital attempted to merge with Linchpin Capital. The share sale agreement was terminated when ASIC commenced Federal Court action against Linchpin a month later.

IOOF determined to get a slice of the trust pie

LAURA MILLAN  |  FRIDAY, 20 SEP 2013
... didn't acquire the 13% of Equity Trustees shares owned by The Trust Company. IOOF has already entered into a Share Sale Agreement with Perpetual to buy the Equity Trustees share at the price of $16.50 per share as soon as the acquisition of The Trust ...

Folkestone forced to pay cash

BEN COLLINS  |  THURSDAY, 9 AUG 2012
... from the Pooled Development Funds Board (PDF). "As a consequence and in accordance with the terms of the share sale agreement, Folkestone has elected to pay the entire consideration in cash," the company said in an Australian Securities Exchange (ASX) ...

Mariner lodges TO panel complaint

BEN COLLINS  |  MONDAY, 16 JUL 2012
... un-commercial and intended to make any alternative commercial proposition costly," the Takeover Panel said. The share sale agreement contains break fees that are payable by Austock to Folkestone in certain circumstances. Austock has lodged its complaint ...
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