3 ASX shares to win when lockdown ends
3 ASX shares to win when lockdown ends
WAM Leaders had an excellent 2021 financial year, but on which stocks have its portfolio managers placed bets for the coming period?
Senior journalist at The Motley Fool
Tony Yoo is a senior journalist at The Motley Fool Australia. He formerly wrote for Yahoo Finance, Business Insider and Guardian Australia. Please send story tips to tony.yoo(at)foolcontractors.com. Tony s stock holdings are here.
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As retail investors, it’s always fascinating to see which ASX shares the professionals have put their money in.
Myer’s zombie board waits for Solly Lew’s axe to fall
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It’s Myer end of financial year clearance but with a twist. This time it’s the directors that will be in the metaphoric ‘throw out bins’ courtesy of Myer’s largest shareholder Solomon Lew’s plans to rid the company of its outdated governance inventory.
It’s the closest thing to a zombie board in corporate Australia as its members face the prospect of wholesale removal.
Myer Bourke Street Mall, Melbourne
Global LICs announce new merger By Neil Griffiths
WAM Global Limited has announced a new merger with Templeton Global Growth Fund (TGG).
Chairman Geoff Wilson announced the news on Tuesday, confirming that the LICs have entered a scheme implantation agreement, which proposes that WAM Global acquires 100 per cent of TGG shares that it does not currently own through the scheme.
Under the proposed transaction, TGG shareholders will have the option to receive either a scrip consideration, which allows them to receive WAM Global shares and options based on the relative NTAs before deferred tax, or a cash consideration, which sees TGG offer to buy back shares based on the NTA per share.
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