Perpetual receives revised non-binding proposal from EQT AB
Key points
- Proposal price increased to A$22.07 per share
- Proposal subject to various conditions
- Perpetual Board evaluating the proposal
Full summary
Perpetual Limited (ASX:PPT) has received a revised non-binding, conditional, and indicative proposal from Windflower Pte. Limited, indirectly controlled by EQT AB, to acquire 100% of Perpetual's shares at A$22.07 per share. This represents a 2% increase from the original proposal of A$21.64. The proposal is subject to several conditions, including the sale of Perpetual's Wealth Management business, satisfactory due diligence, binding documentation, regulatory approvals, and other customary conditions. Perpetual's Board, with the assistance of financial and legal advisers, is considering the proposal. There is no certainty that the proposal will result in a binding offer or transaction. Perpetual remains confident in its strategy and will keep shareholders informed.
Guidance
Revised proposal price: A$22.07 per share
Outlook
Perpetual's Board is evaluating the proposal and will keep shareholders informed.
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