Private equity firm EQT has increased its takeover proposal for Australian financial services group Perpetual to AUD2.5bn ($1.75bn), less than two weeks after the company’s board rejected its initial offer as insufficient, according to a report by Reuters.
The revised non-binding proposal values Perpetual at AUD22.07 per share, representing a premium of almost 22% to the company’s closing share price on 1 July, before the initial approach was disclosed, and more than 42% above its 30 June closin...
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