Old Mutual Plc. ADROTCPK - Current
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  • Jun. 17, 2015, 8:08 AM
    • Old Mutual (OTCPK:ODMTY) is cashing out of some of its OM Asset Management (NYSE:OMAM) stake, selling 13.3M shares (upsized from 11M) in a secondary offering. The sale priced at $17.50 per share.
    • The underwriters have an option to buy up to another 1.995M shares.
    • OM will receive no proceeds from the sale.
    • OMAM -0.3% to $17.86 premarket
    | Jun. 17, 2015, 8:08 AM
  • Apr. 15, 2015, 8:26 AM
    • Old Mutual's (OTC:OLMUY) Julian Roberts will step down as chief executive officer of Africa's largest insurer in the fourth quarter to be replaced by Standard Bank's (OTCPK:SGBLY) Bruce Hemphill.
    • Since becoming CEO during the 2008 global financial crisis, Roberts has sold assets, overseen an initial public offering for the insurer's U.S. asset management business and paid down debt.
    | Apr. 15, 2015, 8:26 AM
  • Dec. 21, 2011, 3:06 AM

    Old Mutual (ODMTY.PK) is selling the Finnish branch of Skandia Life Assurance to OP-Pohjola osk, as part of Old Mutual's strategy to streamline its business. The price of the deal was not disclosed, but the branch held gross assets of €1.3B as of the end of September.

    | Dec. 21, 2011, 3:06 AM
  • Aug. 23, 2010, 7:31 AM

    HSBC (HBC +0.9%) confirms it's in exclusive talks with Old Mutual (ODMTY.PK) to buy up to 70% of South Africa's Nedbank (NDBKY.PK) in a deal that could be worth as much as $6.8B. (previously)

    | Aug. 23, 2010, 7:31 AM