News

Ares U-turn on AMP buyout

Friday 12th of February 2021

In a portfolio review of FY20, AMP have revealed that Ares Management have withdrawn their non-binding indicative proposal to buy out AMP.

The report said that, “Following detailed discussions, AMP has been advised last night by Ares that it does not intend to proceed with its non-binding indicative proposal for 100% of AMP [at] $1.85 per share.”

While acquisition of...

Want to read the full article?
Click the button below to subscribe and will have unlimited access to full article and all other articles on the site.