AMP Limited (ASX:AMP) announced that it has received an indicative, non-binding, conditional proposal from Ares Management Corporation to acquire complete shares in AMP Limited via scheme of arrangement.
The discussions are in preliminary stage and there is no surety that a transaction will happen.
Presently, AMP is progressing its Portfolio Review. It has obtained significant interest in its assets and businesses and is evaluating various options in a considered and holistic way to maximise shareholder value. The evaluation process also include its three-year transformation strategy.