Business
Bankers, lawyers on board for IOOF’s tilt at MLC Wealth – The Australian Financial Review
Investment bank Citi and law firm Allen & Overy are understood to be helping with the bid for NAB’s wealth management business.
IOOF shares went into a trading halt on Thursday, requesting its shares be removed from trading until Monday when it is also due to hand down its full-year results.
It was a curiously long trading halt considering the auction timetable, and no doubt ensures a long weekend for both IOOF and its advisers ahead of Monday’s results.
It remains to be seen whether IOOF submits a binding bid, and whether it could outbid its rivals. It would be a big and ambitious bite for the ASX-listed financial ser…
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