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AMP confirms takeover bid

Staff reporters
Fri, 30 Oct 2020

Staff reporters
Fri, 30 Oct 2020
AMP has received a proposal from US-based Ares Management Corporation to acquire the trans-Tasman financial services company via a scheme of arrangement.In an update to the NZX, AMP said the proposal was at a “very preliminary stage and there is no certainty that a transaction will eventuate.”Ares describes itself as a global alternative investment manager that holds US$179 billion of credit, private equity and real estate assets.   The US asset manager has a presence in Australia through a joint venture with ASX-listed in...

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