Nov 2 (Reuters) - AMP Ltd AMP.AX :
* AMP PROVIDES FURTHER UPDATE ON PORTFOLIO REVIEW-AMP.AX
* ARES' PROPOSAL IS AT AN IMPLIED VALUE OF A$1.85 PER AMP SHARE
* REFERS TO INDICATIVE, NON-BINDING, CONDITIONAL PROPOSAL FROM ARES MANAGEMENT CORPORATION
Nov 2 (Reuters) - AMP Ltd AMP.AX :
* AMP PROVIDES FURTHER UPDATE ON PORTFOLIO REVIEW-AMP.AX
* ARES' PROPOSAL IS AT AN IMPLIED VALUE OF A$1.85 PER AMP SHARE
* REFERS TO INDICATIVE, NON-BINDING, CONDITIONAL PROPOSAL FROM ARES MANAGEMENT CORPORATION