AMP shares suspended pending statement

AMP, the Australian wealth manager that has resumed takeover talks with AXA Asia Pacific, had its stock halted from trading in New Zealand pending a statement.

AMP Group Finance Services' NZDX-listed 2014 notes were also halted. Axa AP turned down a 2009 takeover proposal from AMP in favour of a A$13.3 billion offer from National Australia Bank, which was subsequently rejected by Australia's antitrust regulator.

AMP resumed talks with AXA SA, the biggest shareholder in the Australia-based AXA business. Under AMP's original offer, AXA SA would acquire the target company's Asian operations and AMP would scoop up the businesses in Australia and New Zealand.

Shares of AMP jumped 17 cents to $6.80 on the NZX on Friday. AXA AP was last at A$5.78 on the ASX, valuing the company at A$11.9 million.

Businesswire.co.nz

Comments from our readers

No comments yet

Add your comment:

Your name:
Your email:	Not displayed to the public
Comment:
Comments to Sharechat go through an approval process. Comments which are defamatory, abusive or in some way deemed inappropriate will not be approved. It is allowable to use some form of non-de-plume for your name, however we recommend real email addresses are used. Comments from free email addresses such as Gmail, Yahoo, Hotmail, etc may not be approved.

Anti-spam verification:

Type the text you see in the image into the field below. You are asked to do this in order to verify that this enquiry is not being performed by an automated process.

Related News:

CCC - ESQUIRES IRELAND RECOGNISED AS THE BEST IN IRISH AWARDS
FBU - Fletcher Building Quarterly Volume Report for Q3 FY26
April 16th Morning Report
SCT - 2026 Half Year Announcement
Devon Funds Morning Note - 14 April 2026
BNP Paribas accredited as Derivatives Market Maker
GXH - Response to media report
April 14th Morning Report
SML - Synlait responds to The a2 Milk Company announcement
KPG - Annual meeting date, closing date for director nominations