Business
AMP’s days are numbered – The Australian Financial Review
While AMP persists with its strategy of selling assets, shareholders now find the prospect of someone else actually breaking the company into pieces. If the price…
Of course, the key question is: what is Arougheti willing to pay for a business that he, no doubt, will break into separate pieces?
The $5 billion price included in The Australian Financial Review’s Street Talk column works out about $1.50 a share. This is unlikely to be enough given that the share price has already passed that level.
But the argument in favour of a higher price will come up against the problem that has plagued AMP since the Hayne royal commission exposed its flawed advice business…
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