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<p><span class="highlight" data-qa-component="highlight-text">AMP </span>said on Friday US-based<span class="highlight" data-qa-component="highlight-text"> Ares </span><span class="highlight" data-qa-component="highlight-text">Management </span>Corp had made a non-binding<span class="highlight" data-qa-component="highlight-text"> offer </span>to buy the troubled Australian wealth manager, sending its sh<span class="highlight" data-qa-component="highlight-text">ares </span>soaring the most in over 17 years.</p></article>

The wealth manager's shares have lost over two-thirds since a public inquiry in 2018 exposed systemic wrongdoing at the company.

Shares of Australia's AMP soar after news of takeover offer from Ares Management

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