AMP warns shareholders on below-market offer
AMP has warned shareholders against the latest below market offer for their shares, which were valued at $6.92 at the close of trading yesterday.
AMP chief Craig Dunn urged shareholders to be cautious of any unsolicited offers for their shares and, in particular, an offer made by Australian Share Purchasing Corporation for $5.35 per share.
“With the current volatility in markets it is easy for investors to get confused about the value of their shares.
“We strongly urge our shareholders to reject this unsolicited offer,” Dunn said.
AMP shareholders are advised to consult their financial planner or contact the AMP Share Registry for further information.
AUTHOR
George Liondis
Recommended for you
Sequoia Financial Group has announced it is selling off its Informed Investor subsidiary which it acquired in April 2022.
Wealth Data has examined which advice business model has seen the most growth since the start of the year including those that offer holistic advice.
Research conducted by Elixir Consulting and Lonsec has quantified the efficiency gains of using managed accounts in financial advice practices in hours per week saved.
With only one-quarter of advice practices actively seeking feedback from clients, the Financial Advice Association Australia has emphasised why this is a critical tool for client retention.
