Listed insurance aggregator AUB Group Limited is understood to be doing the rounds to line up funding as word gets out on the acquisition it’s been sussing out.
Listed insurance aggregator AUB Group Limited is understood to be doing the rounds to line up funding as word gets out on the acquisition it’s been studying.
The admission was followed by words of caution from the AUB board, which warned shareholders the discussions had not led to a transaction being agreed on terms acceptable to the parties. Not that long ago, Macquarie’s sell-side team was reminding clients of AUB’s mergers and acquisition dry powder in a February 22 research note.
The question is how big the Tysers acquisition would be, and if AUB’s funding needs would spill over into equities fund managers’ territory too.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Wage rises tipped to hit listed tech earningsFast-rising wages for technology jobs are tipped to hit tech companies in the next earnings season, but it won’t just be margins under pressure.
Read more »
PIMCO scraps $500m listed trust IPOFixed income giant PIMCO has pulled its attempt to raise $500 million for a new ASX-listed vehicle.
Read more »
Sex and the City star launches low alcohol wine with ASX-listed firmNew York-based actress Sarah Jessica Parker is seeking to tap into consumers’ growing health trends with Australian Vintage.
Read more »
Warakirri seeds $500m farmland fund with two orchardsThe Melbourne-based fund manager has locked in initial investment of $100 million for what it hopes will be a $500 million fund of horticulture, viticulture, row crop assets and water entitlements.
Read more »
The tough task threading a train line through Sydney’s crown jewelA $1 billion-plus upgrade of Australia’s busiest railway station has thrown up plenty of challenges for construction workers.
Read more »
One of history’s strangest art heists comes to movie screens in smart, charming British comedyThe Duke stars Jim Broadbent and Helen Mirren in a comedy about a crime that baffled a nation: the 1961 theft of a Goya painting from London’s National Gallery — by a 60-year-old pensioner.
Read more »