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...

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