Nov 2 (Reuters) - Australian wealth manager AMP Ltd AMP.AX on Monday said a buyout offer from U.S.-based Ares Management Corp ARES.N had an implied value of A$1.85 per share, valuing the proposal at A$6.36 billion ($4.47 billion).
The offer price represents a premium of 21% to AMP's last closing price of A$1.53.
AMP first announced the receipt of the offer on Friday, saying discussions were still in early stages. ($1 = 1.4243 Australian dollars)