Powered by MOMENTUM MEDIA
SUBSCRIBE TO OUR NEWSLETTER SIGN UP
Powered by MOMENTUM MEDIA

Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.

City Pacific withdraws merger proposal for MFS

Staff Reporter 1 minute read

City Pacific Limited has withdrawn its merger proposal for investment and funds management company MFS Limited.

According to a statement released by City Pacific’s CEO and managing director Phil Sullivan today the company informed MFS that it intended to withdraw the merger proposal late on Friday evening.

While discussions continued over the weekend, both parties were unable to reach an agreement to proceed with the merger.

City Pacific, a leading financial services company, announced the merger proposal just last Monday.

The enterprise value of the transaction would have been worth around $1.33 billion.

Published: 21-01-08 

 

City Pacific withdraws merger proposal for MFS
default
TheAdviser logo
default

 

more from the adviser
WLTH team Neolender CEO reveals broker plans

The co-founder and CEO of new mortgage lender WLTH has revealed i...

tech tool data Business loans to be included in CDR from 1 Nov

The ACCC has revealed examples of the types of business loans tha...

clock Lenders’ turnaround times slowest in three years

The time it takes from loan submission to approval surpassed 25 d...

FROM THE WEB