Diversa ends EQT talks
Publicly-listed superannuation, insurance and investment company, Diversa, appears to have turned its back on an acquisition proposal from Equity Trustees.
Diversa announced to the Australian Securities Exchange (ASX) today that it was not proceeding with further discussions with Equity Trustees on the move.
Its announcement said that it had received the unsolicited, confidential, non-binding, indicative proposal from Equity Trustees in April "regarding a possible acquisition of all of the shares in Diversa by a scheme of arrangement.
The ASX announcement appears to close the issue with respect to the current Equity Trustees offer.
Recommended for you
Financial Services Council chief executive, Blake Briggs, is urging Minister for Financial Services, Stephen Jones, to take advantage of the QAR opportunity to reduce regulatory duplication and ensure advice is affordable.
Former chair of the House of Representatives’ Standing Economics Committee, Tim Wilson, is planning a return to politics after losing his seat in the 2022 federal election.
Morningstar is going to offer research ratings of funds in the $3.5 trillion superannuation sector for the first time in response to demand from financial advisers.
Treasurer Jim Chalmers has opened a consultation into the design of the annual superannuation performance test, canvassing views on a range of reform options.