AUB Group said its board viewed the A$45 per share offer as fair but confirmed talks ended after PE firms declined to make a binding offer at the proposed valuation.
The merger is expected to significantly alter the group’s business profile, with potential implications for capital adequacy and financial performance over the coming years.
Japanese insurer has agreed a US$1.44bn deal to acquire a stake in US asset manager, aiming to diversify its investment income and boost capital efficiency as part of broader global expansion plans.
