Business
Investors rejoice as AMP (ASX:AMP) share price rockets 20% on takeover – Motley Fool Australia
A takeover update has today inspired a 20% leap in the AMP share price. However, word from AMP indicates this may not be the last offer.
AMP Limited (ASX: AMP) shares are surging today after the company provided an announcement this morning regarding takeover talks with Ares Management Corp(NYSE: ARES). At the time of writing, the AMP share price has surged 20.31% to $1.54. This came after AMP advised in an ASX announcement that it has indeed received a “non-binding, indicative, and conditional” proposal from the US private equity fund. However, it was also quite explicit that these were preliminary talks, and that the AMP takeover…
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