Get ready for a public shootout at in-play online retail broker Selfwealth.
Last Thursday, AxiCorp Financial Services (AxiCorp) put in a competing non-binding offer to acquire 100 per cent of the shares in the ASX-listed company at 23¢ cash per share via a scheme of arrangement. This fell a day after Bell Financial Group’s 22¢ cash per share NBIO, with a scrip alternative, was made public.
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Sarah Thompson has co-edited Street Talk since 2009, specialising in private equity, investment banking, M&A and equity capital markets stories. Prior to that, she spent 10 years in London as a markets and M&A reporter at Bloomberg and Dow Jones. Email Sarah at sarah.thompson@afr.com
Emma Rapaport is a co-editor of the Street Talk column. Prior to that, she was a markets reporter at The Australian Financial Review. Connect with Emma on Twitter. Email Emma at emma.rapaport@afr.com
