Perpetual Rejects Revised Non-Binding Proposal
Key points
- Perpetual Limited rejects revised proposal from EQT AB
- Proposal offered A$22.07 per share, up from A$21.64
- Board deems proposal not in shareholders' best interests
- Shareholders do not need to take any action
Full summary
Perpetual Limited (ASX:PPT) announced on 17 July 2026 that it has rejected a revised non-binding, conditional, and indicative proposal from Windflower Pte. Limited, an entity indirectly controlled by EQT AB, to acquire 100% of Perpetual shares at A$22.07 per share. The proposal, a 2% increase from the initial A$21.64, was deemed insufficient by the Perpetual Board, which believes it does not represent fair value for shareholders in a change of control transaction. The board advises shareholders that no action is required in response to the proposal.
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