ASX-listed ClearView in trading halt pending statement on takeover offer

Wed, 29 Aug 2012

By Paul McBeth Aug. 29 (BusinessDesk) - ASX-listed financial services firm ClearView Wealth, half-owned by Guinness Peat Group, has asked for trading in its shares to be halted pending an announcement on a potential takeover offer. ClearView is the target of buyout firm Crescent Capital Partners, which is offering A$220 million to take over the company in a deal that would install ex-GPG director Gary Weiss as chairman. ClearView's board has urged shareholders to spurn the offer, and GPG described the bid as "wholly inadequate". The compan...

Not convinced yet?

Subscribe to our Daily News Update free newsletter.

Markets
Govt invests $30m with coastal shipping 'winners'
Brent Melville | Wed, 25 May 2022

Government investment is seen as the starting point to creating a viable coastal shipping sector.

Media
Media firms adapt to avoid poaching
Daniel Dunkley | Wed, 25 May 2022

They call it the Great Resignation – a global phenomenon which has seen people leave their jobs in their droves since the pandemic. But in competitive sectors like advertising and communications, firms are fighting back.

Tourism
Are hotel prices 'courageous' or outrageous?
Brent Melville | Wed, 25 May 2022

Tourists can expect to see a jump in their hotel bills on the back of reduced availability, and as the industry scrambles to reinvent itself after a two-year hiatus.

Partner content
Small business lessons for attracting and retaining staff

Employers battling through the ‘Great Resignation’ are now faced with the ‘Great Brain Drain’.

Partner content
People leaders are key to wellbeing but still need help

One in three people say they have experienced an issue with an unsupportive manager