FinTech
Netwealth Makes Proposal to Merge With Praemium
Netwealth Ltd. said it is seeking to acquire Praemium Ltd. and consolidate the provision of portfolio administration services in Australia. Netwealth said it is offering a mix of cash and shares to acquire Praemium, which would value the company's equity at 785 million Australian dollars (US$590 million) or A$1.50 per…
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