Wealth and Asset Management
AMP Says Ares Offer Values Wealth Manager at $4.5 Billion
Australian wealth manager AMP Ltd. said a preliminary takeover approach from U.S. private equity firm Ares Management Corp. values the company at A$6.4 billion ($4.5 billion.) The proposal has an implied value of A$1.85 per AMP share, the Sydney-based company said in a statement Monday. The shares closed 9.8% higher…
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