AMP MQG BOQ Excellent move for Ares to team with Macquarie Group (MQG) (or Bank or Queensland) in its takeover of AMP *each party can acquire the assets they desire for growth *MQG would become a major bank*MQG has been interested in AMP for a decade but could not find favorable conditions* Ares strongly desire the takeover and should provide good terms for Macquarie Group *Ares would want to present a positive outcome to its shareholders to demonstrate strong international growth ability *Ares intends to wrap up and present the details of the takeover in its Annual report in Feb, which is VERY close *$1.85 will be a minimum offer*Pairing with Macquarie Group (MQG) (or Bank or Queensland) could most likely lead to a higher offer, which would be compelling for large shareholders as the current price range is $1.50-$1.60