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Showing 1 - 10 of 1130 results for "Takeover"

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 ...

Perennial launches new investment fund

ELIZA BAVIN  |  FRIDAY, 19 APR 2024
... private - announced in Australia in the first quarter, valued at $34 billion. Meanwhile, 17 ASX-listed companies received takeover offers with values of $100 million or more in the same period. "And in the US, the first quarter of 2024, saw the highest ...

Adviser numbers plateau

KARREN VERGARA  |  THURSDAY, 18 APR 2024
... selling Millennium3 to ASX-listed WT Financial Group (WTL) with a total of 75 practices transitioning. Count finalised its takeover of Diverger last month.

WAM Leaders, QV Equities to merge

ANDREW MCKEAN  |  TUESDAY, 12 MAR 2024
... about six weeks on from the former's initial announcement. In January, WAM Leaders said it intended to make an off-market takeover bid for QV Equities; associated entities already own close to 16%. It was expected to involve exchanging one WAM Leaders ...

Iress share price jumps on takeover rumours

KARREN VERGARA  |  WEDNESDAY, 6 MAR 2024
Iress saw its share price skyrocket 15% as speculation swirled that a global private equity firm is keen on a buyout. An article in the AFR claiming US private equity investor Thoma Bravo is eyeing Iress sent investors into a tailspin, bumping up the ...

Iress sells platforms business

KARREN VERGARA  |  MONDAY, 26 FEB 2024
... ability to improve operating margins." He expects Praemium's platform FUA to lift by 18% to $26.9 billion once the takeover completes. Iress reported a $137 million loss in the first half of the 2024 financial year. It expects to gain $7 million ...

Link, The Trust Bank progress acquisition

KARREN VERGARA  |  TUESDAY, 20 FEB 2024
... subject to various conditions such as an independent expert's report. Link shareholders have also yet to vote on the takeover. Link also announced that the group made $523.7 million in revenues in the 2024 half year, which was up 14% on the prior ...

ANZ gets green light for Suncorp merger

CHLOE WALKER  |  TUESDAY, 20 FEB 2024
... its proposed $4.9 billion acquisition of Suncorp's banking arm given the go-ahead. The decision to authorise the takeover was handed down this morning by the Australian Competition Tribunal (ACT), despite initially being blocked by the Australian ...

Count posts positive results ahead of Diverger takeover

CHLOE WALKER  |  TUESDAY, 20 FEB 2024
Count Limited (Count) increased its revenues by 6% over the six months to December 31, while increasing its statutory profits by 135%. The group's latest half-year results indicate its underlying EBITA is up by 9% to $5.436 million and statutory profits ...

Count to finalise Diverger deal

JAMIE WILLIAMSON  |  FRIDAY, 16 FEB 2024
... deal now expected to be completed on March 1. Last month, Diverger shareholders overwhelmingly voted in favour of the takeover, with the court approval marking the final hurdle. "The completion of this milestone confirms our previously announced strategic ...
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