AIMS makes offer for MacarthurCook shares
AIMS Securities Holdings is planning to make an off-market takeover offer for all the shares of MacarthurCook.
AIM, which already owns nearly 20 per cent of Macarthur’s shares, will offer 30 cents for each share. The offer is conditional on AIMS gaining an interest in 50 per cent of Macarthur’s shares. It represents a 156 per cent premium to the one-month volume weighted average price prior to AIMS’ initial acquisition of a 15.8 per cent stake in Macarthur, which was bought at 10 cents a share.
The offer is part of the company’s strategy to build up its real estate and fund management capabilities.
The vice chairman of AIMS Financial Group, Greg Bundy, said the offer was an attractive and straightforward proposal for MacarthurCook’s shareholders.
AIMS is a member of the AIMS Financial Group.
Recommended for you
A strong demand for core fixed income solutions has seen the Betashares Australian Composite Bond ETF surpass $1 billion in funds under management, driven by both advisers and investors.
As the end of the year approaches, two listed advice licensees have seen significant year-on-year improvement in their share price with only one firm reporting a loss since the start of 2025.
Having departed Magellan after more than 18 years, its former head of investment Gerald Stack has been appointed as chief executive of MFF Group.
With scalability becoming increasingly important for advice firms, a specialist consultant says organisational structure and strategic planning can be the biggest hurdles for those chasing growth.
