Business
Embattled financial firm AMP confirms takeover bid from US company – ABC News
AMP receives a takeover bid after putting itself up for sale in the wake of a management overhaul, sexual harassment scandal and customers pulling billions of dollars…
AMP has confirmed it has received a conditional takeover offer from US private equity firm Ares Management Corporation.
The 171-year-old financial company did not reveal how much was offered.
In a statement, AMP stressed the discussions were at a “very preliminary stage” and “there is no certainty that a transaction will eventuate”.
The non-binding bid comes almost two months after the company essentially advertised itself for sale, either as a whole, or broken apart into separate businesses.
In…
-
Noosa News24 hours agoThis 42-Kilometre Walking Trail on the NSW North Coast Weaves Through Ancient Rainforest, Volcanic Mountains and Spectacular Waterfalls
-
Noosa News22 hours agoEaster weather forecast: What to expect in Sydney, Perth, Melbourne, Brisbane, Adelaide and Canberra
-
Noosa News22 hours agoQueensland cop cleared by court of stealing watches during anti-gang raid
-
Noosa News23 hours agoAnother power station confirmed offline as political fallout continues amid cultural issues