Old Mutual Share Discussion Threads

[chinese investor] 12/7/2016 09:26

Good Start !

[chinese investor] 11/7/2016 09:43

Onwards & Upwards !

[spob] 30/6/2016 21:43

Why no currency chart in the header ?

[spob] 30/6/2016 21:39

yes every little helps

[chinese investor] 28/6/2016 13:47

200p Soon !

[chinese investor] 28/6/2016 08:51

Good RNS !

[chinese investor] 28/6/2016 08:13

Good RNS !

[colonelgrim] 24/6/2016 11:29

Do you know what(!), I reccon we might just see some blue before todays close, holdin up well.

"This is not a BUY recomendation!"

[uppompeii] 22/6/2016 13:13

Going well!

[chinese investor] 07/6/2016 10:07

Recovery Continues !

[r ball] 06/6/2016 19:47

conscious uncoupling?

[broadwood] 06/6/2016 15:51

Separation imminent?

[chinese investor] 06/6/2016 14:45

Steady Growth !

[r ball] 25/5/2016 06:44

relief that something is probably happening.

[chinese investor] 24/5/2016 18:25

Great Day !

[broadwood] 24/5/2016 15:02

Old Mutual confirmed on Tuesday that it has received approaches from third parties to acquire its 66% stake in OM Asset Management (OMAM), and that it is continuing to assess its options with regard to the preferred route to effect the managed separation announced in March.
"As a consequence of the decision to proceed with the managed separation of Old Mutual, we expect to receive interest in our assets periodically," said Old Mutual, adding that it would update the market as and when appropriate.

The financial services company said there could be no certainty the approaches for its stake in OMAM would lead to any transaction or any certainty as to the terms on which any such transaction might proceed.

The statement followed a report earlier in the Financial Times suggesting the company was close to a deal to sell its US asset management business to New York-based asset management firm Affiliated Managers Group as part of its restructuring plan.

It was understood Old Mutual's board had endorsed the transaction, which would be a cash and share deal. In exchange for its stake in OMAM, valued at about $1bn, the remaining Old Mutual group would receive cash and a 10% stake in AMG, the FT cited people familiar with the plans as saying.

[chinese investor] 24/5/2016 12:16

Good Progress !

[chinese investor] 24/5/2016 08:33

"The Financial Times on Tuesday reported that Old Mutual was close to a deal to sell its U.S. asset-management business to New York-listed Affiliated Managers Group for about $1 billion. The FT report, citing two people familiar with the plans, said Old Mutual's board had endorsed a sale of its 66% stake in Old Mutual Asset Management in exchange for cash and a 10% stake in AMG."