Subject to an independent expert report and in the absence of a superior proposal, each Citadel director intends to vote in favour of the proposed scheme. At that point the company’s shares were changing hands for over $9.00. Our company is Australian owned. Today's Citadel Group Ltd (ASX:CGL) describes itself as a leading software and services company that specialises in secure information management in complex environments. Free high-quality* financial news for everyone (*with an occasional spelling mistake). The Motley Fool has a disclosure policy. This is a SERIOUS growth stock. The Complete Guide to Planning For Your Retirement, Setting up an SMSF: 10 Things You Need to Know Before Starting, 3 easy steps to building your ASX share portfolio for an early retirement, 4 tips on how to pick winning stocks for your retirement share portfolio, This is the best asset to own to start saving for your early retirement, Commonwealth Bank of Australia (ASX: CBA), Flight Centre Travel Group Ltd (ASX: FLT), Vanguard Australian Shares Index (ASX: VAS), Beat low rates with these quality ASX dividend shares, 2 of the best small cap ASX shares to watch, Insiders have been buying Nearmap (ASX:NEA) and this ASX share. Group Limited (ASX:CGG) ”), under which (“Citadel proposes to acquire all of the iEquinox ssued and outstanding shares of Citadel by way of a recommended takeover offer (the “Offer”) The Board of . That means, the advice does not take into account your objectives, financial situation or needs. Company dealt in. Join Our Premium Community Based on the cash consideration of $5.70 per share, Pacific Equity Partners is valuing Citadel’s equity at $448.6 million and enterprise value at $503.1 million. It's what we do. Citadel receives “A” grade in Institutional Investor’s alpha report card, wins five awards from Absolute Return, and is Named Hedge Fund of the Year by Risk Magazine. Outside of reading and researching he spends many a late night watching the English Premier League and Seinfeld reruns. Privacy Policy |
Citadel Group. Citadel LLC (formerly known as Citadel Investment Group, LLC) is an American multinational hedge fund and financial services company. This article contains general investment advice only (under AFSL 400691). Following this, shareholders will have the opportunity to vote on the scheme in December. For a limited time, The Motley Fool Australia is giving away an urgent new investment report outlining our 5 favourite stocks for investors over 50. The scheme is subject only to conditions customary for transactions of this type, including regulatory, court and shareholder approval, and is not subject to financing or due diligence. Formed in 2007, its name comes from the idea of being a medieval fortress to defend against invaders. #Consulting #Deals #SoftwareDeveloper #PrivateEquity #Investment. Get Started Investing Terms, Financial Services Guide, Privacy Policy. Investors have been scrambling to buy the company’s shares on Monday after it revealed that it has received a takeover approach from Pacific Equity Partners. We’ll never sell your email address. That means, the information and advice does not take into account your objectives, financial situation or needs. You can do it. According to the release, the two parties have entered into a binding scheme implementation deed, under which it is proposed that Pacific Equity Partners will acquire Citadel for $5.70 per share in cash. Ate after the first one, as the group of 3 came in, started with Hungering Cold and killed the 2 adds. Because of that, you should consider if the advice is appropriate to you and your needs, before acting on the information. If the scheme is implemented, the Citadel board intends to declare a fully franked special dividend of up to 15 cents per share. The Zip Co Ltd (ASX: Z1P) share price jumped 9% today, making it one of the biggest gains recorded in the ASX 200 (ASX: XJO). This consideration will be reduced by any special dividend that is declared between now and completion. Please remember that investments can go up and down. The Motley Fool Australia operates under AFSL 400691. Learn about investing with our Investing Education hub. Citadel Group Form 8.3 - Home Retail Group Plc August 31 2016 - 10:00AM UK Regulatory (RNS & others) TIDMHOME. Citadel expects to dispatch the scheme booklet to shareholders in late October. Citadel noted that if the scheme is implemented, the board intends to declare a fully franked special dividend of up to 15 cents per share on, or shortly before, the implementation date of the scheme. Company dealt in. September 14, 2020 | VIEW ARTICLE. The SMSG will provide ESMA with advice on its policy work and must be consulted The Rask Group Pty Ltd is a Corporate Authorised Representative (#1280930) of AFSL #383169. Qantas (ASX:QAN) share price flies higher on NZ bubble, Why the Afterpay (ASX:APT) share price is going bananas, Why the IOUpay (ASX:IOU) share price is going nuts, Suez acquisition? Because of that, you should consider if the advice is appropriate to you and your needs, before acting on the information. If you don’t know what your needs are, you should consult a trusted and licensed financial adviser who can provide you with personal financial product advice. Keeping People and Information Safe We are an enterprise software and services company that specialise in managing information in complex environments. Information warning: The information on this website is published by The Rask Group Pty Ltd (ABN: 36 622 810 995) is limited to factual information or (at most) general financial advice only. Please read our Terms & Conditions and Financial Services Guide before using this website. Under the deed, PEP will acquire 100% of the share capital in Citadel by way of a scheme of arrangement for $5.70 per share in cash. For a trust, the trustee(s), settlor and beneficiaries must be named. Candesic is proud to announce our role as Adviser to Australia's The Citadel Group on its acquisition of Wellbeing Software, a leading provider of radiology and maternity software in the UK for £103 million. Citadel Group snags $503M acquisition offer from Pacific Equity Partners. So if you’re looking to get your finances on track and you’re in or near retirement – we’ve got you covered! That's our mission. The selected individuals begin a four-year term on 1 July 2020. “The price is a very tangible measure of the value and quality of Citadel’s industry leading expertise in specialist software and critical secure information management in complex environments like healthcare, defence and national security, government and tertiary education. Authorised by Scott Phillips. For more information please see our Financial Services Guide. Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. If you don’t know what your needs are, you should consult a trusted and licensed financial adviser who can provide you with personal financial product advice. Used Icebound Fortitude after UA wore off, when I got low again, Hungering Cold was off CD so I popped it and bandaged, then DPS'd him down the rest of the way. In this FREE STOCK REPORT, Scott Phillips just revealed what he believes are the 3 ASX stocks for the post COVID world that investors should buy right now while they still can. Some might call this offer opportunistic. In addition, you should obtain and read the product disclosure statement (PDS) before making a decision to acquire a financial product. James is part of the CFA Institute’s Chartered Financial Analyst program and hopes it teaches him how to become an astute investor which allows him to help others with their own investing. This would enable shareholders to receive up to 6.4 cents per share of additional benefit from franking credits. In addition, the Scheme is positive news for Citadel staff, as we believe there will be increased opportunities to develop new technologies with new partners and advance and grow their careers.”, When investing expert Scott Phillips has a stock tip, it can pay to listen. For those unfamiliar, Citadel is a software and services company that specialises in secure information management in complex environments. Scott just revealed what he believes are the five best ASX stocks for investors to buy right now. Each company boasts strong growth prospects over the next 3 to 5 years, and most importantly each pays a generous (and fully franked) dividend! Join our flagship membership service, Share Advisor. In late afternoon trade, Citadel shares have jumped 39.7% to $5.56 in response to the news. N/A (c) Name of offeror/offeree in relation … Disclosure: At the time of publishing, the author of this article does not have a financial or commercial interest in any of the companies mentioned. In late afternoon trade, Citadel shares have jumped 39.7% to $5.56 in response to the news. 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