Perpetual has rejected a takeover proposal from Windflower, a company indirectly controlled by Swedish private equity firm EQT, which valued the Australian fund manager at around AUD2.5bn ($1.7bn), according to a report by Bloomberg.
The Sydney-based firm said the offer, priced at AUD21.64 per share, was “highly conditional” and did not adequately represent fair value for shareholders. The proposal represented a premium of nearly 20% to Perpetual’s last closing price before a trading halt.
Perpe...
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