Australia Australia's AMP receives non-binding takeover offer from Ares Management
'We won't break the law': Burnham would accept Tier 3 if imposed on Greater Manchester
Andy Burnham says he will keep to the law and "accept" Tier 3 coronavirus restrictions for Greater Manchester if the government imposes them. The region's mayor told Sky News it was ministers' "prerogative" to announce the measures, if negotiations over the next few hours end in stalemate.He and other local leaders have been given until midday today to reach an agreement on moving three million people into England's highest band of coronavirus controls.
Andy Burnham says he will keep to the law and "accept" Tier 3 coronavirus restrictions for Greater Manchester if the government imposes them. The region's mayor told Sky News it was ministers' "prerogative" to announce the measures, if negotiations over the next few hours end in stalemate.He and other local leaders have been given until midday today to reach an agreement on moving three million people into England's highest band of coronavirus controls. Australia is the 7th largest advertising market worldwide, with a growing share of out-of-home advertising having now reached 6% of APN Outdoor would be complementary to JCDecaux` s existing out-of-home media assets in Australia , which are primarily in the street furniture segment.
(c) the central management and control of which is in Australia ; or. (ii) the individual is not in Australia but, immediately before the individual’ s most recent departure (c) the director meets the criteria of that stock exchange for a director to be independent (whether or not the criteria are binding ).
(Reuters) - AMP Ltd said on Friday U.S.-based Ares Management Corp had made a non-binding offer to buy the Australian wealth manager, adding that discussions were at an early stage.
© Reuters/David Gray The logo of AMP Ltd, Australia's biggest retail wealth manager, adorns their head office located in central Sydney, Australia The company did not disclose the offer value. (https://bit.ly/2TAPfGz)
Local media in Australia initially reported on the discussions, saying Ares had made an offer of over A$5 billion ($3.56 billion). AMP had a market value of A$4.40 billion as of Thursday.
Scandal-hit AMP sparked talks of a buyout or break-up after it put all its assets under review in early September.
Greater Manchester leaders told 'door is open' for further talks on Tier 3 support
Local leaders in Greater Manchester have been told that the "door is open" for further talks, despite the prime minister imposing Tier 3 coronavirus restrictions on the region. Boris Johnson announced that tougher COVID-19 restrictions will be introduced in Greater Manchester from Friday.Moving into Tier 3 means pubs and bars in Greater Manchester will be closed, unless they serve substantial meals, while betting shops, casinos, bingo halls, adult gaming centres and soft play areas will also shut. (c) the central management and control of which is in Australia ; or. (b) the participation by a person in the profits or central management and control of the business. (c) one had sent, or proposes to send, to the other an offer under a takeover bid (within the meaning of that Act) for securities held by
Australia . Government and institution measures in response to COVID-19. The Australian Taxation Office (ATO) announced an extension of the time available for businesses to pay their employees, and still be able to claim back the first JobKeeper payments.
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AMP said it has received "significant" interest for its assets and business and is evaluating options, including sticking with its three-year turnaround plan.
Ares declined Reuters request for comment.
AMP, which recently ceded its position as Australia's largest wealth manager to IOOF Holdings Ltd, has seen its profit plunge after a public inquiry into the country's financial sector exposed systemic wrongdoing at the company.
($1 = 1.4027 Australian dollars)
(Reporting by Nikhil Kurian Nainan in Bengaluru; Editing by Vinay Dwivedi)
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