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Aandeel Tetragon Financial Group AEX:TFG.NL, GG00B1RMC548

  • 9,600 25 apr 2024 17:35
  • 0,000 (0,00%) Dagrange 9,600 - 9,620
  • 1.181 Gem. (3M) 8,2K

Forum Tetragon Financial Group geopend

873 Posts
Pagina: «« 1 ... 18 19 20 21 22 ... 44 »» | Laatste | Omlaag ↓
  1. forum rang 10 DeZwarteRidder 12 januari 2019 17:18
    nnouncement of GreenOak Real Estate merger with Sun Life Financial’s real estate and property management firm Bentall Kennedy and Intention to Conduct Tender Offer

    Announcement of GreenOak Real Estate merger with
    Sun Life Financial’s real estate and property management firm Bentall Kennedy

    TFG Asset Management retains a key strategic investment
    in the combined firm Bentall GreenOak

    Announcement of Intention to Conduct Tender Offer

    GreenOak Real Estate merger with Bentall Kennedy:

    Tetragon Financial Group Limited today announces the merger of its GreenOak Real Estate joint venture with Bentall Kennedy, Sun Life Financial Inc.’s leading North American real estate and property management firm. The combined Bentall Kennedy and GreenOak entity will be named Bentall GreenOak and will be part of Sun Life Investment Management. Bentall GreenOak will remain a key strategic investment of TFG Asset Management, Tetragon’s diversified alternative asset management business that owns majority and minority private equity stakes in asset management companies.

    As part of the merger, Sun Life Financial has agreed to contribute its interest in Bentall Kennedy and pay GreenOak shareholders U.S.$146 million in cash in exchange for a 56% interest in the combined entity of Bentall GreenOak. GreenOak Co-Founders, John Carrafiell and Sonny Kalsi, TFG Asset Management and existing GreenOak senior management will hold the remaining interest. As part of the transaction, Sun Life will have an option to acquire the remaining interest in Bentall GreenOak approximately seven years from the closing.1

    The merger values Bentall GreenOak at U.S.$940 million. Tetragon will receive approximately U.S.$42.5 million upon the closing of the merger. TFG Asset Management will continue to own nearly 13% of the combined entity and will receive a series of fixed quarterly payments as well as a portion of Bentall GreenOak’s earnings over the next seven years. Alongside other GreenOak owners and team members, TFG Asset Management will retain its current ownership of carried interest in existing GreenOak funds and will participate in carried interest in new Bentall GreenOak funds.

    TFG Asset Management will serve on the Board of Directors of Bentall GreenOak, will continue to participate in investment committees for funds in which TFG Asset Management will hold carried interest and expects to invest in new Bentall GreenOak funds.

    “Tetragon partnered with the GreenOak Co-Founders on the launch of GreenOak, providing working capital, co-investment capital and operating infrastructure to the joint venture. We are particularly proud of its growth and performance and are pleased to have found a strong strategic platform to fuel the next generation of business growth while also delivering an attractive return to shareholders”, said Stephen Prince, Head of TFG Asset Management.

    “Tetragon has been a valuable partner to us and we look forward to continuing to partner with them in the evolution of our real estate asset management business”, said John Carrafiell and Sonny Kalsi, the Co-Founders of GreenOak. “This merger is a logical next step in our growth, expanding our capabilities and providing stability and capital for the future”.

    The combined Bentall GreenOak investment platform will serve over 700 institutional clients with approximately U.S.$47 billion in assets under management. Bentall GreenOak will offer a broad range of complementary real estate investment strategies that include Core, Core Plus and Value Add/Opportunistic equity, as well as senior and tactical
    real estate debt strategies. With investment professionals in 14 offices in North America, and seven offices internationally, Bentall GreenOak will have deep local knowledge and strong, long-standing investment track records across the United States, Canada, Europe and Asia.

    Tetragon’s Net Asset Value (NAV) for 31 October 2018 is U.S.$2.08 billion. Taking into account the GreenOak merger and other portfolio gains and losses through 30 November 2018, it is estimated that Tetragon’s NAV will increase by approximately 4%, with the GreenOak valuation uplift portion being reflected in December.
  2. forum rang 10 DeZwarteRidder 12 januari 2019 17:19


    Group Structure Announcement

    Tetragon Financial Group Limited, which has historically invested substantially all its capital through a master fund, Tetragon Financial Group Master Fund Limited, is pleased to announce that the Tetragon master fund is expected to be amalgamated with Tetragon, the listed parent company, effective as of 31 December 2018. The amalgamated company will continue as Tetragon Financial Group Limited.

    The reorganised Tetragon group structure will be substantially simplified, as will Tetragon’s financial reporting. Going forward there will be a single set of financial statements for Tetragon, commencing with the 2018 Annual Report.
  3. Pinoooo 14 januari 2019 17:16
    Tetragon Financial Group Limited Announcement of Tender Offer to Purchase $50,000,000 of Tetragon Non-Voting Shares

    24 Dec 2018
    Tetragon today announces the commencement of a tender offer to purchase a portion of its outstanding non-voting shares for a maximum aggregate payment of $50,000,000 in cash. The tender offer, which was initially announced by Tetragon on December 19, 2018, will be conducted as a “modified Dutch auction” with shareholders able to tender their Tetragon non-voting shares at prices ranging from and including $11.50 up to and including $12.90 per share. The tender offer is expected to expire at 11:59 p.m. (EST) on January 24, 2019, unless terminated earlier. J.P. Morgan Securities plc (which conducts its U.K. investment banking business as J.P. Morgan Cazenove) will act as dealer manager for the tender offer and Computershare Investor Services PLC (“Computershare”) will act as tender agent for the tender offer.

    Eligible shareholders will be able to indicate how many Tetragon non-voting shares and at what price or prices within the specified range they wish to tender. Based on the number of shares tendered and the prices specified by the tendering shareholders, Computershare, as tender agent, will determine the lowest price per share within the range that will enable Tetragon to purchase $50,000,000 in value of Tetragon non-voting shares, or a lower amount if the tender offer is not fully subscribed. All shares purchased by Tetragon in the tender offer will be purchased at the same price. The determined purchase price, as well as the proration factor (if applicable) is expected to be announced on or about January 28, 2019, and Tetragon expects the purchase of shares in the tender offer would be settled promptly thereafter.

    The tender offer is not conditioned upon the receipt of any minimum number of shares being tendered.

    This release is for informational purposes only and is neither an offer to buy nor the solicitation of an offer to sell any shares of Tetragon. The full details of the tender offer, including complete instructions on how to tender shares, are included in the offer to purchase which is available on Tetragon’s website at the following URL:

    www.tetragoninv.com/investors/share-r...
    www.tetragoninv.com/~/media/Files/T/T...
  4. forum rang 9 objectief 23 januari 2019 11:47
    quote:

    Pinoooo schreef op 23 januari 2019 11:07:

    Inmiddels toch ruim +6% sinds 14 jan.
    Ja, de oorzaak ligt m.i. in de terugkoop van aandelen voor een waarde ad. $50 mln;
    ook bij de vorige inkoop liep de koers sterk op richting de finale opkoopdatum.
    In elk geval is het gunstig voor de huidige participanten. (zelf heb ik mijn aandelen voor $ 11.90 aangeboden)
  5. forum rang 10 DeZwarteRidder 23 januari 2019 12:13
    quote:

    objectief schreef op 23 januari 2019 11:47:

    [...]Ja, de oorzaak ligt m.i. in de terugkoop van aandelen voor een waarde ad. $50 mln;
    ook bij de vorige inkoop liep de koers sterk op richting de finale opkoopdatum.
    In elk geval is het gunstig voor de huidige participanten. (zelf heb ik mijn aandelen voor $ 11.90 aangeboden)
    In het verleden had aandeleninkoop geen enkele noemenswaardige invloed op de koers, dus ik denk dat de recente stijging er niets mee te maken heeft.

    In het algemeen is het ook zinloos om in te schrijven op de inkoop.
  6. forum rang 9 objectief 23 januari 2019 12:19
    quote:

    DeZwarteRidder schreef op 23 januari 2019 12:13:

    [...]
    In het verleden had aandeleninkoop geen enkele noemenswaardige invloed op de koers, dus ik denk dat de recente stijging er niets mee te maken heeft.

    In het algemeen is het ook zinloos om in te schrijven op de inkoop.
    Bedankt voor je impulsieve reactie, waarschijnlijk is je mening niet gebaseerd op enige kennis en/of koersontwikkeling; anders had je het tegendeel beweerd.
  7. forum rang 10 DeZwarteRidder 23 januari 2019 12:32
    quote:

    objectief schreef op 23 januari 2019 12:19:

    [...]Bedankt voor je impulsieve reactie, waarschijnlijk is je mening niet gebaseerd op enige kennis en/of koersontwikkeling; anders had je het tegendeel beweerd.
    Jij hebt ze aangeboden voor 11,90 terwijl de koers nu 12,30 is; dat zegt dus genoeg.
    Het was gewoon dom om ze aan te bieden.
  8. forum rang 9 objectief 23 januari 2019 12:35
    quote:

    DeZwarteRidder schreef op 23 januari 2019 12:32:

    [...]
    Jij hebt ze aangeboden voor 11,90 terwijl de koers nu 12,30 is; dat zegt dus genoeg.
    Het was gewoon dom om ze aan te bieden.
    Ik denk, nee ik weet zeker dat je van de beurshandel niets snapt; anders zou je niet zo reageren.
  9. forum rang 10 DeZwarteRidder 23 januari 2019 12:45
    quote:

    objectief schreef op 23 januari 2019 12:35:

    [...]Ik denk, nee ik weet zeker dat je van de beurshandel niets snapt; anders zou je niet zo reageren.
    Ik heb vele malen meer ervaring met beurszaken dan jij en daarom schrijf ik nooit in op deze zinloze inkopen van Tetragon.

    Tetragon wil zo laag mogelijk inkopen omdat daardoor de intrinsieke waarde van de overblijvende aandelen omhoog gaat.

    Tot nu toe was de inkoopkoers altijd minder dan of gelijk aan de beurskoers en was het dus zinloos om mee te doen.
    Bovendien kopen ze maar een heel klein beetje terug.
    Kennelijk is dit voor jou de eerste keer.
  10. forum rang 10 DeZwarteRidder 23 januari 2019 13:32
    quote:

    Pinoooo schreef op 23 januari 2019 13:29:

    Vorig jaar lag de inkoopprijs 0,20 hoger dan de beurskoers.....
    Welke beurskoers: de dag van de bekendmaking, de dag van de inschrijving of de dag van de uitbetaling...???

    En was dat de slotkoers of de openingskoers..??
  11. forum rang 9 objectief 23 januari 2019 13:40
    quote:

    Pinoooo schreef op 23 januari 2019 13:29:

    Vorig jaar lag de inkoopprijs 0,20 hoger dan de beurskoers.....
    Ja, dat is juist Pinoooo.

    NB. na de inkoop gaat de koers wel terugzakken. (heeft dus niks met de beurstrend te maken zoals DZR beweerd; maar die schiet regelmatig losse flodders af)
873 Posts
Pagina: «« 1 ... 18 19 20 21 22 ... 44 »» | Laatste |Omhoog ↑

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