AMP – Take-over speculation

AMP share-price soars

AMP share-price soars

http://www.abc.net.au/businessbreakfast/content/2003/s933619.html

This interview by Emma Alberici this morning follows a billion raid on AMP through Citigroup, Smith, Barney and JB Were, who are also brokers to the National Australia Bank.

The speculation is that nab having previously been thwarted by the ACCC over acquiring Axa-Asia Pacific is now considering an offer for AMP the successful acquirer of AXA.

Such an acquisition would of course be scrutinised by the ACCC, but it would be a coup for them if approved.

This blog in an earlier post on AMP suggested that in comparison with the fully priced big four banks, it was an under-valued financial giant that might well be considered a fifth pillar of Australian finances.

https://technicality.me/2014/07/31/amp-the-fifth-pillar-a-chart-snapshot/



Categories: Business, Chart Analyses

Tags:

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: