Business
Mixed response on $6.4b takeover bid for AMP – Sydney Morning Herald
The offer lobbed by AMP’s US suitor, Ares, far exceeds the price tag analysts had placed on the troubled wealth manager.
“I can’t think of any credible local player thats going to stump up that sort of money. The natural buyers, the banks, are exiting wealth,” Mr Dive said.
“The AMP turnaround is going to be pretty intense.”
Mr Dive added AMP’s board would try to push the price higher but he did not expect a bidding war. “AMP isnt what it was 15 or 20 years ago where it was viewed as the fifth pillar of the Australian economy.”
However, Merlon Capital Partners principal Hamish Carlisle said the offer should be “well…
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