PWL

Praemium launches $55m takeover bid for Powerwrap to create Australia’s largest financial services platform

Investment administration platform developer Praemium (ASX: PPS) has announced a $55.6 million off-market conditional takeover bid for wealth management business Powerwrap (ASX: PWL). The companies have entered into a bid implementation agreement under which Praemium will acquire all the ordinary full-paid shares in PowerWrap which it does not already hold. The merger is expected to […]