Australian investment manager Perpetual has rejected a revised takeover approach from Swedish private equity firm EQT, while signalling its willingness to continue discussions in the hope of securing a more attractive offer, according to a report by Bloomberg.
The latest non-binding proposal valued Perpetual at approximately AUD2.6bn, offering shareholders AUD22.50 per share. Although this represented an increase of around 4% on EQT’s initial approach earlier this month, Perpetual’s board conclu...
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