AMP proposed merger with AXA's businesses Scoop.co.nz (press release)

The key points of the proposal are:

• AMP would acquire 100 per cent of AXA AP and merge the Australian and New Zealand businesses with its own operations.
• AXA SA would acquire 100 per cent of AXA AP’s Asian businesses and following the proposed transaction would no longer be a shareholder of AXA AP.
• AXA SA has entered into an exclusivity arrangement with AMP in relation to the acquisition of the AXA AP Asian business.
• AXA AP minority shareholders would be offered A$1.38 per share in cash and 0.6896 AMP shares for each AXA AP share. This equates to A$5.34 based on 5 November 2009 closing price of AMP and represents a 31 per cent premium based on the closing price of both companies on that date (the day before the proposal was finalised) and a 28 per cent and 31 per cent premium on the one month and three month VWAP of shares in both companies respectively, on that day.
• AXA AP minority shareholders would retain an

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Can my bank (Lloyds TSB) demand back in full payment a loan of £13.400 if i do a Debt Management Programme....

recommended to me by Citizens Advice Bureau? i will have to change banks before Lloyds are aware of what i'm doing. My debt management company (goverment funded free one) will be contacting lloyds to ask for the interest to be frozen and payments lowered, but can the bank legally demand this money back in full immediately? And where would i stand legally,as obviously i have n't got that sort of money or i wouldn't be applying for the debt help.


not really, the debt management company will make the company settle for less usually, I do have to warn you though if you ever try to get a mortgage and your credit report shows that you worked with a debt management company they will never give you a loan. if you file bankruptcy they will give you a loan 3 days after discharge. so if you plan to finance in the near future do not use a debt management program. believe it or not you can pay off your debt yourself by asking your debt companies to let you skip a payment, and use that extra money to pay off another debt and re-budget, pay the next debt off, "roll" the money into the next, ask a debt counsl.how.

I am negotiating debt management with my creditors,Capital one say they will agree but must pay £129 for 3 mon

I find that you can negotiate directly with creditors,as they are not that keen to involve a third party who take a chunk,unless someone like Consumer Credit Council who really good woth help,cant speak to highly of,they would do it all for free of course.Anyone with any advice?


No


make a budget leaving only the amount you want to pay spare, sent it too them with a letter offering to pay that amount, odds are they will agree.

look at www.consumeractiongroup.co.uk they have realy helpfull advice and infomation on companys procedures and harrasment techniques


first get them to agree to freeze the interest. Then agree a monthly amount that you can afford.


Patchway - Don't be naive. Phone C.C.C.S. for advice - you don't have to sign up with them - and they know all the 'tricks of the trade' that these fellows like Capital get up to. (That's why Creditors don't want them involved.)


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advice debt free management - News


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