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Ares values AMP offer
AMP’s suitor Ares Capital confirmed the pricing of their offer for 100% of the shares in the company, the result being $1.85 per share.
Shares rallied 9.8% on the day but remain well below the offer prices. It’s clear that the entire AMP business is in play and that Ares are really seeking the AMP Capital ‘crown jewel’ with its $200 billion in assets under management.
Yet both the wealth management and AMP Bank divisions will be highly attractive to a number of buyers, including Macquarie Group (ASX: MQG). In my view, no action is required at the present time as we await another bidder to enter the fray.
when will AMP HIT $3.00, page-4266
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Last
$1.54 |
Change
0.023(1.48%) |
Mkt cap ! $3.879B | |||
| Open | High | Low | Value | Volume |
| $1.51 | $1.55 | $1.51 | $4.671M | 3.043M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 34 | 83756 | $1.54 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.55 | 48235 | 21 |
View Market Depth
| Last trade - 15.27pm 18/11/2024 (20 minute delay) ? |
| AMP (ASX) Chart |