Business
AMP runs rings round Ares Management – The Australian Financial Review
Takeovers are a game of cat and mouse as the bidders seek to buy as cheaply as possible and the targets try to squeeze out every extra cent for shareholders. AMP’s…
AMP has, in effect, given all the other potential buyers of the entire company, and to a lesser extent those wanting to buy bits of the business, a floor price for future negotiations.
Perhaps this newfound strategic nous at AMP is a direct result of the change in the company’s investment banking advisers or the different leadership on the AMP board.
Either way, the AMP of 2020 is very different to the AMP of 2011 that rushed headlong into the purchase of the Australian and New Zealand assets of…
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