ClearView supports upgraded takeover offer
The board of ClearView has entered into an implementation agreement with CCP BidCo, which has launched an upgraded offer from the one that was rejected by the ClearView board just over a week ago.
The original offer was for $0.50 per share and subject to several conditions. The new offer is for $0.55 per share with a shareholder dividend to be paid separately to the offer, rather than deducted from the offer price.
ClearView chairman Ray Kellerman said the renegotiated offer means a substantially increased payment opportunity for shareholders.
Recommended for you
The FSCP has announced its latest verdict, suspending an adviser’s registration for failing to comply with his obligations when providing advice to three clients.
Having sold Madison to Infocus earlier this year, Clime has now set up a new financial advice licensee with eight advisers.
With licensees such as Insignia looking to AI for advice efficiencies, they are being urged to write clear AI policies as soon as possible to prevent a “Wild West” of providers being used by their practices.
Iress has revealed the number of clients per adviser that top advice firms serve, as well as how many client meetings they conduct each week.
