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Goldfields takes Finsure merger

Kalgoorlie-based bank Goldfields Money has agreed to a scrip-based merger with mortgage aggregator Finsure, valuing the combined group at $97.5 million.

Firstmac will not extend Goldfields Money offer

Brisbane-based Firstmac Holdings said today it would not extend its cash takeover offer for Goldfields Money, which has recommended shareholders support an alternative scrip-based merger with mortgage aggregator Finsure.

Morning Headlines

Goldfields Money has offered up a $60 million merger proposal with one of the country’s fastest growing mortgage wholesalers as the alternative to Firstmac’s hostile cash takeover bid. The West (1-0)

Goldfields Money rejects increased Firstmac offer

The board of Kalgoorlie-based bank Goldfields Money has knocked back a fresh takeover bid from Brisbane financial business Firstmac Holdings, which valued the company at $1.27 per share.

Shareholder bids $25m for Goldfields Money

ASX-listed financial institution Goldfields Money has received a takeover offer from its largest shareholder, which values the target at about $25 million.

Stargroup doubles size of Goldfields deal due to ATM growth

Stargroup (ASX:STL) and banking services provider Goldfields Money (ASX: GMY) have doubled their existing ATM cash convenience agreement to $30 million for the next three years.

Goldfields Money to develop cross-border banking products

Goldfields Money (ASX:GMY) has signed an agreement with Singapore based cross-border payments company InstaRem to develop and market cross-border banking applications.

Goldfields raises funds for new platform

Financial services provider Goldfields Money has raised $4.2 million from investors as it launches a new digital platform and completes a rebranding.

Goldfields Money to outline raising

Goldfields Money (ASX:GMY) has been granted a trading halt by the ASX, with its shares placed in pre-open.

Rubik Financial signs deal to deliver innovative financial software

Rubik Financial (ASX:RFL) has entered into a partnership with wealth management company Yellow Brick Road (ASX:YBR) to provide Rubik’s innovative financial advice software.

Stargroup posts record December half results

Stargroup (ASX:STL) has posted record revenue of $4.01 million for the December half, up 228% on the previous corresponding period (pcp).

Stargroup Ltd on track for a record December quarter

Stargroup Ltd (ASX:STL) is set for yet another record breaking quarter, expecting revenues of over $2 million for the December quarter. (0-1)

Goldfields Money Ltd signs $15M deal to utilise excess cash reserves

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Stargroup Ltd signs deal with Goldfields Money to lower cost of funds

Stargroup Ltd (ASX:STL) will reduce its cost of funds after signing a three year, $15 million agreement with authorised deposit-taking institution, Goldfields Money Ltd (ASX:GMY). The ATM Cash Convenience Agreement has an initial limit of $15 million that Stargroup can use for its national ATM network. Stargroup will also provide Goldfields Money with ATM machines to service its customers in remote locations where major banks have withdrawn from.