"AMP and Ares Management Corporation announce intention to
pursue joint venture partnership for AMP Capital’s private
markets businesses
AMP Limited (“AMP”) and Ares Management Corporation (NYSE: ARES) (“Ares”) today announced that
they have entered into a non-binding Heads of Agreement to pursue the formation of a joint venture for
AMP Capital’s private markets businesses of infrastructure equity and infrastructure debt, real estate and ..."
I think the part where it says "non-binding" is scaring the market. Can you imagine how difficult it is to reach any agreement and price.
Ares thinks AMP is a lost soul and it is rescuing a part of the company. I dont know what AMP thinks because they hardly ever make any announcements. Cant be a result that AMP shareholders will be happy about, I would imagine.
Volumes and SP down on the NZX as well.
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$1.33 |
Change
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Mkt cap ! $3.440B |
Open | High | Low | Value | Volume |
$1.32 | $1.33 | $1.31 | $17.99M | 13.75M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 35513 | $1.32 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.33 | 400588 | 16 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 35513 | 1.315 |
6 | 275983 | 1.310 |
6 | 155066 | 1.305 |
6 | 101393 | 1.300 |
5 | 136128 | 1.295 |
Price($) | Vol. | No. |
---|---|---|
1.325 | 397058 | 12 |
1.330 | 1013179 | 42 |
1.335 | 725481 | 12 |
1.340 | 336050 | 21 |
1.345 | 378420 | 11 |
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