Business
AMP and US firm Ares exclusivity period ends without deal; ASX slips – ABC News
A 30-day exclusivity period on a proposed deal between AMP and US firm Ares expires, as speculation around the AMP CEO’s future continues. The local share market…
Wealth manager AMP insists there is still interest in its private markets business, despite an exclusivity period on a sale offer expiring.
Key points:
- AMP says US firm Ares is now interested in potentially buying all of its private markets operations
- China has imposed tariffs on Treasury Wines for at least five years
- Mortgage Choice shares surge as REA Group announces takeover of the broker
AMP shares were down 1.5 per cent by 12pm (AEDT), after news a deal had not eventuated during a 30-day exclusivity…
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