Iress clears regulatory hurdle on OneVue acquisition
Iress has received the competition authority’s green light for the acquisition of OneVue.
Iress announced to the Australian Securities Exchange (ASX) that it had been informed by the Australian Competition and Consumer Commission (ACCC) that the competition regulator would not be opposing the acquisition.
Confirmation of the ACCC’s position followed distribution of the scheme booklet for the acquisition late last week.
The board of OneVue is recommending acceptance of the Iress offer by shareholders.
Recommended for you
Platinum Asset Management has put its two closed-end funds under strategic review in a bid to reduce the share price discount to pre-tax NTA and maximise shareholder value.
In the latest Meet the Manager profile, Money Management speaks with Michael Skinner, founder and managing director at Blackwattle Investment Partners.
Perpetual has seen AUM rise 6 per cent in the last quarter but the departure of a longstanding JOHCM fund manager led to outflows of $2.2 billion from his strategy.
Global fixed income fund Bentham Global Opportunities has been added to several major platforms, enabling it to be accessed more easily by financial advisers.