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MarketScreener Homepage  >  Equities  >  Australian Stock Exchange  >  Commonwealth Bank of Australia    CBA   AU000000CBA7

COMMONWEALTH BANK OF AUSTRALIA

(CBA)
  Report
End-of-day quote. End-of-day quote Australian Stock Exchange - 12/04
80.18 AUD   +0.78%
12/04Wheat slides, on track for weekly decline; corn, soy also lower
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12/03Wheat set for weekly loss of 4% on ample global stocks
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Carlyle, Pacific Equity sweeten bid for Australia's Link, eye listing PEXA

10/25/2020 | 06:24pm EST

Oct 26 (Reuters) - Link Administration Holdings Ltd said on Monday private equity firms Carlyle Group and Pacific Equity Partners raised their takeover offer for the shareholder registry firm to A$2.87 billion ($2.04 billion), days after an earlier bid was turned down.

The new proposal also includes an option to acquire a stake in PEXA, an online property transaction firm that Link holds a stake in, and buy Link without it for A$3.80 per share.

Link dismissed the initial proposal last week saying it undervalued PEXA but said it would consider spinning-off the 44.2% stake it holds into a listed company.

The private equity duo in a separate statement said they will work with Link to list PEXA, in which Commonwealth Bank of Australia and Morgan Stanley also hold interests.

The latest offer by Carlyle and Pacific Equity values the New South Wales-based company at A$5.40 per share, nearly 4% higher than the earlier bid, and at a 10.2% premium to Link's last close.

The proposal has received further backing from shareholders, with owners of more than 14.6% of Link supporting the consortium's revised bid.

($1 = 1.4041 Australian dollars) (Reporting by Anushka Trivedi and A K Pranav in Bengaluru; Editing by Richard Chang and Stephen Coates)


© Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
COMMONWEALTH BANK OF AUSTRALIA 0.78% 80.18 End-of-day quote.0.35%
LINK ADMINISTRATION HOLDINGS LIMITED 0.40% 5.01 End-of-day quote.-14.51%
MORGAN STANLEY 1.47% 65 Delayed Quote.27.15%
THE CARLYLE GROUP INC. 0.90% 29.07 Delayed Quote.-9.38%
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More news
Financials
Sales 2021 23 378 M 17 349 M 17 349 M
Net income 2021 8 640 M 6 411 M 6 411 M
Net Debt 2021 - - -
P/E ratio 2021 18,8x
Yield 2021 3,36%
Capitalization 142 B 106 B 105 B
Capi. / Sales 2021 6,08x
Capi. / Sales 2022 6,02x
Nbr of Employees 41 778
Free-Float 99,6%
Chart COMMONWEALTH BANK OF AUSTRALIA
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Commonwealth Bank of Australia Technical Analysis Chart | MarketScreener
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Technical analysis trends COMMONWEALTH BANK OF AUSTRALIA
Short TermMid-TermLong Term
TrendsBullishBullishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus UNDERPERFORM
Number of Analysts 14
Average target price 73,32 AUD
Last Close Price 80,18 AUD
Spread / Highest target 6,01%
Spread / Average Target -8,55%
Spread / Lowest Target -21,4%
EPS Revisions
Managers
NameTitle
Matthew Comyn Chief Executive Officer, Executive Director & MD
Catherine Brighid Livingstone Chairman
Alan Frank Docherty Chief Financial Officer
Pascal Boillat Chief Information Officer
Shirish Moreshwar Apte Independent Non-Executive Director
Sector and Competitors