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EQT Sweetens Perpetual Takeover Bid
27 Jul
Summary
- EQT AB increased its takeover offer for Perpetual.
- The new offer values Perpetual shares at A$22.50 each.
- This marks the third offer from the private equity firm.
Swedish private equity firm EQT AB has presented a revised takeover offer for Perpetual Ltd. This latest bid increases the per-share price to A$22.50, a modest escalation from the A$22.07 initially proposed in July. The new offer also represents a 4% increase compared to the original bid of A$21.64 per share.
Perpetual is currently evaluating this sweetened proposal. The firm has previously considered multiple offers, and this latest move by EQT signals a strategic effort to finalize an acquisition. The increase in valuation underscores the perceived value of Perpetual by the private equity group.
As of the current date, Perpetual continues to assess the terms of EQT's enhanced bid. The outcome of these deliberations will determine the future ownership of the company. Further announcements are anticipated as the evaluation process progresses.
