Swedish private equity firm EQT has increased its offer for Australian asset manager Perpetual to AUD2.55bn, marking its third approach for the company this month, according to a report by Reuters.
The latest proposal values Perpetual at AUD22.50 per share, representing a premium of almost 19% to the company’s previous closing price. It follows two earlier offers that were rejected by the Australian group as undervaluing the business.
EQT’s initial proposal, made on 1 July, was worth AUD21.64 pe...
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