Home / Business and Economy / Perpetual Rejects EQT's A$2.55B Offer, Seeks Better Deal
Perpetual Rejects EQT's A$2.55B Offer, Seeks Better Deal
29 Jul
Summary
- Perpetual rejected EQT AB's A$2.55 billion takeover proposal.
- The company cited that the offer was not in shareholders' best interests.
- Limited due diligence access was granted for a potentially improved offer.
As of July 29, 2026, Perpetual has announced that EQT AB's latest takeover bid, amounting to A$2.55 billion, is not in the best interests of its shareholders. This decision was communicated following the announcement on Wednesday.
Despite rejecting the current proposal, Perpetual has agreed to provide EQT with limited access for due diligence. This action implies an openness to further negotiations and the potential consideration of an improved offer from the Swedish buyout firm.
The A$2.55 billion offer was evaluated by Perpetual's leadership. The company's stance suggests a belief that a more favorable deal could be negotiated, warranting further engagement with EQT.
