Business
AMP takeover disclosure to be monitored – The Australian Financial Review
The corporate watchdog will examine AMP’s statements about a potential $6.4 billion takeover offer from Ares Management after the company divulged an indicative…
However, the Australian Securities and Investments Commission confirmed it would continue to examine disclosure of the takeover approach. AMP suggested Ares was one of a number of interested buyers.
“It is standard practice for ASIC to review trading and disclosure in and around major corporate events such as M&A issues, and the AMP instance will be no exception,” an ASIC spokesman said.
A spokesman for the ASX said: “At present, ASX is satisfied that AMP is currently meeting their disclosure obligations…
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