total funds under management for IOOF will double to $494 billion. IOOF also claims the purchase of MLC means its existing clients will see lower costs through efficiencies and economies of scale. In the statement, IOOF says the merger will deliver a run-rate of “of between $65 million to $80 million of the estimated $150 million in cost synergies by the end of FY22.”
MLC will become fully incorporated into the IOOF fold, under one leadership and management team, according to the statement.
total funds under management for IOOF will double to $494...
Add to My Watchlist
What is My Watchlist?
 (20min delay)
|
|||||
|
Last
$3.48 |
Change
0.030(0.87%) |
Mkt cap ! $2.334B | |||
| Open | High | Low | Value | Volume |
| $3.48 | $3.50 | $3.46 | $4.432M | 1.274M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 3472 | $3.47 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.48 | 19283 | 3 |
View Market Depth
| Last trade - 16.10pm 19/06/2025 (20 minute delay) ? |
| IFL (ASX) Chart |