AMP revises bid for AXA
AXA Asia Pacific (AXA AP) has received a revised takeover offer from AMP and AXA's parent company, AXA SA.
Under the revised offer, the cash component has been raised by 54 cents per share to $1.92. The initial scrip proposal of 0.6896 AMP shares for each AXA AP share remains unchanged.
In its statement to the Australian Securities Exchange, AXA AP said the group's independent board committee would consider the revised proposal, having knocked back the first advance from AMP and AXA SA in November.
More here.
Recommended for you
Licensee Centrepoint Alliance has completed the acquisition of Brighter Super’s annual review service advice book, via Financial Advice Matters.
ASIC has launched court proceedings against the responsible entity of three managed investment schemes with around 600 retail investors.
There is a gap in the market for Australian advisers to help individuals with succession planning as the country has been noted by Capital Group for being overly “hands off” around inheritances.
ASIC has cancelled the AFSL of an advice firm associated with Shield and First Guardian collapses, and permanently banned its responsible manager.
