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Mergers and Acquisitions

M&A

10 March 2020 • By Sarah Simpkins • 1 min read

Insurance, advisory giants merge

The multinationals confirmed they would be combining in an all-stock transaction with an implied combined equity value of around $121 billion ($US80 ...

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Morgan Stanley to buy E*TRADE

Morgan Stanley has pushed into retail in the largest Wall Street acquisition since the GFC. The purchase opens up a significant chunk of the retail ...

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IOOF profit plunges, P&I faces shake-up

IOOF’s profit for the half slumped, but the group has dived into a plan to reshape its business, with its chief hinting that the products in the ...

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IOOF completes OnePath deal, indicates profit to plummet

IOOF has signalled its expected profit for the first half of FY20 will plunge by almost 40 per cent year-on-year, following the wealth giant ...

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Perpetual buys ESG specialist, eyes US expansion

Perpetual is set to purchase Boston-based ESG investment firm Trillium Asset Management for $54 million, with plans to establish a US distribution arm

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DWS snaps up Canberra hotel for European fund

DWS has acquired The Sebel Hotel in Canberra in an off-market transaction on behalf of one of its major European real estate investment funds from the ...

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Visa spends big on payments start-up

Visa is set to pay billions for a start-up with access to a network of America’s biggest fintech apps. Visa will acquire Plaid, a start-up that ...

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Iress nabs blockchain platform

Iress has acquired blockchain communication platform firm BC Gateways, with plans to expand the data sharing technology across the wealth sector

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Industry super merger to create $23bn fund

Two industry super funds have revealed plans to merge next year in a move that will create a single fund with 335,000 members and $23 billion in funds ...

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Moelis snaps up Byron Bay hotel for $100m

The fund manager will take ownership of the iconic Beach Hotel in Byron Bay, which will sit within its own single asset investment fund

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