The Perpetual Ltd share price is in focus after the company rejected a further revised takeover proposal from EQT and confirmed the end of discussions.
With the EQT engagement process now closed, Perpetual is focused on its core Asset Management and Corporate Trust businesses.
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The Perpetual Ltd share price is in focus after the company rejected a further revised takeover proposal from EQT and confirmed the end of discussions.
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The article, shortened and in plain language
The Perpetual Ltd share price is in focus after the company rejected a further revised takeover proposal from EQT and confirmed the end of discussions. The $22.50 per share proposal was deemed by the board to undervalue Perpetual and carried too much execution risk.
Perpetual says its engagement process with EQT has now concluded, as the latest proposal was described as "best and final" in the absence of competing offers.
With the EQT engagement process now closed, Perpetual is focused on its core Asset Management and Corporate Trust businesses.
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