AMP – Take-over speculation

By Kenneth Robson on October 30, 2014 • ( 0 )

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/