3 November 2022 12:54
Perpetual has knocked back a non-binding acquisition proposal offer from Regal Partners and BPEA EQT Fund.
Announced on the ASX on Thursday morning, the cash proposal would have been for 100 per cent of all shares by way of scheme of arrangement for a price of $30 per share.
The proposed entity would have $90 billion in assets under management across high-net-worth and retail clients.
Perpetual is also seeking to acquire Pendal.
bPEA EQT Fund, Pendal, perpetual, Regal Partners
Despite geopolitical turbulence, markets are avoiding short-term turmoil and reacting to the underlying fundamentals showing the strength of major economies, a pair of AMP investment executives told the Professional Planner Managed Accounts Decoded podcast.
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We acknowledge the Traditional Custodians of this land upon which Conexus Financial sits, the Cadigal of the Eora Nation. We recognise their continuing connection and unique cultural and spiritual relationships to the land, waters and community. We pay our deepest respects to them and their culture, and to Elders both past and present.
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