GPG applies pressure to Otters board
Sir Ron Brierleys Guinness Peat Group yesterday sought to replace three of the four directors on the board of Otter Gold in the latest twist in a saga which this…
AMP to be shaken by Guinness Peat
Guinness Peat Group plc will launch a $10 million-plus civil damages claim against AMP Ltd and its wholly owned subsidiary GIO within weeks, alleging both parties acted improperly when they…
Radford ousted as chief of Otter Gold
Sir Ron Brierleys Guiness Peat Group is expected to support Otter Golds reconstituted management following the ousting of Sydneybased accountant Mr Tony Radford from the company.
AMP soars but saga heads to court
SHARES in AMP enjoyed their biggest one-day rise this year to close at a four- month high as investors applauded its GIO wrap-up and shrugged off the threat of more…
AMP swallows GIO as GPG holds its cards
AMP shares surged to a four- month high yesterday after the NSW Supreme Court approved the companys mop-up bid of GIOs minority shareholders.The approval was the final hurdle for the…
GIO mop-up lifts AMPs stocks
AMP Ltd shares rose almost 5 per cent cent to their highest level in four months yesterday after the company wrapped up its troubled $2.64 billion takeover of GIO Australia…
GPG may seek damages from AMP over GIO deal
Guinness Peat Group plc will consider a civil damages claim against AMP Ltd if it fails in a last-ditch bid to have the original terms of AMPs $745 million offer…
Jeffed by mother of all disasters
If one could find an analogy for yesterdays GIO shareholder vote to approve AMPs takeover scheme of arrangement it would be that of the recent Victorian State election.The polling suggested…
AMP gets full control of GIO
AMP, which made a $554 million writedown on the value of its 57 per cent holding in GIO in the six months to June, is expected to include another writedown…
AMPs mop-up bid gets the green light
GIOs minority shareholders yesterday voted overwhelmingly to approve AMPs $745 million mop-up bid in a move which looks likely to deliver AMP 100 per cent control of the beleaguered insurer.