{"id":52826,"date":"2020-10-30T10:32:22","date_gmt":"2020-10-30T00:32:22","guid":{"rendered":"https:\/\/riskinfo.com.au\/news\/?p=52826"},"modified":"2020-11-02T11:44:29","modified_gmt":"2020-11-02T01:44:29","slug":"amp-receives-proposal-from-us-based-company","status":"publish","type":"post","link":"https:\/\/riskinfo.com.au\/news\/2020\/10\/30\/amp-receives-proposal-from-us-based-company\/","title":{"rendered":"AMP Receives Proposal From US-Based Company"},"content":{"rendered":"<p><a href=\"https:\/\/www.amp.com.au\/\" target=\"_blank\" rel=\"noopener noreferrer\">AMP<\/a> has confirmed it has received an \u201cindicative, non-binding, conditional proposal\u201d from a US-based company to acquire 100 percent of the shares in AMP Limited by way of scheme of arrangement.<\/p>\n<p>A statement from the company says the proposal is from <a href=\"https:\/\/www.aresmgmt.com\/\" target=\"_blank\" rel=\"noopener noreferrer\">Ares Management Corporation<\/a> and notes discussions on the proposal &#8220;&#8230;are at a very preliminary stage and there is no certainty that a transaction will eventuate&#8221;.<\/p>\n<p>It says it continues to progress its Portfolio Review announced on 2 September 2020.<\/p>\n<p>\u201cAMP has received significant interest in its assets and businesses and is assessing a range of options in a considered and holistic manner, including continuing to pursue its three-year transformation strategy, with a focus on maximising shareholder value,\u201d the statement says.<\/p>\n<p>On its website, Ares Management Corporation says it is a &#8220;global alternative investment manager&#8221; operating integrated businesses across credit, private equity, real estate and strategic initiatives.<\/p>\n<p>(Also see: <a href=\"https:\/\/riskinfo.com.au\/news\/2020\/07\/01\/amp-completes-sale-of-life-insurance-business-to-resolution-life\/\" target=\"_blank\" rel=\"noopener noreferrer\">AMP Completes Sale of Life Insurance Business to Resolution Life<\/a>).<\/p>\n","protected":false},"excerpt":{"rendered":"<p>AMP has confirmed it has received an \u201cindicative, non-binding, conditional proposal\u201d from a US-based company to acquire 100 percent of the shares in AMP Limited by way of scheme of arrangement. A statement from the company says the proposal is from Ares Management Corporation and notes discussions on the proposal &#8220;&#8230;are at a very preliminary [&hellip;]<\/p>\n","protected":false},"author":24,"featured_media":52830,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[48,3],"tags":[],"class_list":["post-52826","post","type-post","status-publish","format-standard","has-post-thumbnail","category-company-news","category-general"],"_links":{"self":[{"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/posts\/52826","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/users\/24"}],"replies":[{"embeddable":true,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/comments?post=52826"}],"version-history":[{"count":0,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/posts\/52826\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/media\/52830"}],"wp:attachment":[{"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/media?parent=52826"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/categories?post=52826"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/tags?post=52826"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}