Australia's Perpetual rejects improved BPEA EQT, Regal bid
BPEA EQT – formerly Baring Private Equity Asia – and Regal Partners have increased their offer for Australia-based asset manager Perpetual only for the target company’s board to reject them once again.
Having seen an offer of AUD 30.00 per share turned down last week, the consortium revised its bid upwards to AUD 33.00 per share, putting an approximately AUD 1.9bn (USD 1.2bn) valuation on the company....
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