Equity Trustees Limited has put forward a preliminary proposal to acquire listed fund manager, super trustee and insurance firm Diversa.
In a statement to the ASX, Diversa confirmed that it received an “unsolicited, confidential, non-binding, indicative proposal” from EQT regarding a possible acquisition.
According to a statement issued by EQT, the company considers a range of potential acquisitions “from time to time”.
However, “there have been no significant developments since providing the proposal and no contractual arrangements have been entered into,” the statement said.
“As part of these considerations, EQT enters into preliminary discussions with various entities and often determines an indicative value based on publicly available information,” said EQT.
In its statement, Diversa reinforced that it has not entered into any arrangements, binding or otherwise, with EQT.
SUBSCRIBE TO THE IFA DAILY BULLETIN
23 Feb 2018IRESS results at ‘higher end’ of expected rangeBy Staff Reporter
23 Feb 2018Perth-based adviser cops five year banBy Staff Reporter
23 Feb 2018CBA contests new AUSTRAC claimsBy Staff Reporter
23 Feb 2018Global managers added to OneVue platformBy Staff Reporter
23 Feb 2018BT adds new insurers to APLBy Staff Reporter
23 Feb 2018Fintech a risk to specialist advisersBy Killian Plastow
- view all