IOOF/SFG Australia merger scheme approved

Following the approval by SFG Australia shareholders last week, the Federal Court has now given effect to the merger with IOOF and the transaction will be implemented on 20 August. This is entirely as expected, but is nonetheless good news as gives IOOF management the opportunity to continue its great record of consolidating financial services businesses – as we explained when we upgraded the stock in Taking the wraps off IOOF on 23 Jun 14 (Buy – $8.28). No doubt we'll hear more about it when the company announces its 2014 results on 22 August. The stock up 6%...

Following the approval by SFG Australia shareholders last week, the Federal Court has now given effect to the merger with IOOF and the transaction will be implemented on 20 August.

{{content.question}}

{{ twilioFailed ? 'SMS Code Failed to Send…' : 'SMS Code Sent…' }}

Hi {{ user.FirstName }}

Looks like you've already taken a free trial

Please enter your payment details

We have sent you a code via SMS to {{user.DayPhone}}

please enter this code below to activate your membership

We cannot send you a code via SMS to {{user.DayPhone}}

If you didn't receive SMS code please

SMS code cannot be sent due to: {{ twilioStatus }}

Please select one of the options below:

Looks you are already a member. Please enter your password to proceed

Please untick this box when using a public or shared device


Verify your mobile number to unlock a FREE trial

Please sign up for full access

Updating information

Please wait ...

  • Mastercard
  • Visa
Mastercard

The email address you entered is registered with InvestSMART.

Please login or select "Don't know password"

Please untick this box when using a public or shared device


Register as a new member

(using a different email)

Related Articles