AMP has confirmed it received a non-binding takeover offer from US private equity firm Ares Management Corporation.
The 171-year-old financial company did not reveal how much was offered, and stressed the discussions were at a “very preliminary stage”.
The conditional takeover bid comes almost two months after the company essentially advertised itself for sale.
In August, AMP’s new chairman Debra Hazelton launched a strategic review of the company following the resignation of her predecessor David Murray over the board’s handling of sexual harassment complaints.
Amid the management upheaval,…
