Perpetual rejects second PE consortium bid
Perpetual has knocked back another bid from the BPEA Private Equity and Regal Partners group.
The company announced to the Australian Securities Exchange (ASX) that it had received a further unsolicited, conditional, non-binding indicative proposed from the group and had decided to reject.
The revised propose entailed $33 cash per share up from the original bid of $30 cash per share.
However, Perpetual’s board said it continued to materially undervalue the company.
It said the Board had considered a number of factors, including value, high conditionality, transaction and execution risks in rejecting the second proposal,
Is it not a cost of completing the transaction? Why should it be removed from any analysis, applicable govt charges…
Misleading figures. We’d have millions and millions removed in our client base with LS. Almost 100% came straight back in…
Financial planners, you know exactly what will happen next. Get your wallets out- Cslr bill coming your way!
Another day and yet another shouty SMC story running about trying to push regulators to enter union super into Australian…
These funds should be a lot more concerned about their investment returns, which are starting to look very sick. Waiting…