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Perpetual Limited ( (AU:PPT) ) has issued an announcement.
Perpetual Limited has announced an update on the proposed acquisition of its Wealth Management and Corporate Trust businesses by an affiliate of Kohlberg Kravis Roberts & Co. L.P (KKR) via a Scheme of Arrangement. The company has received non-binding, conditional proposals from KKR, which are currently under assessment by the Perpetual Board. While the media has speculated on the details, the exact terms and net proceeds for shareholders remain uncertain, and the board plans to update shareholders as soon as possible. Shareholders are advised that no immediate action is required, and Perpetual is committed to keeping the market informed in accordance with its disclosure obligations.
More about Perpetual Limited
Perpetual Limited is a global financial services firm listed on the ASX, operating a multi-boutique asset management business alongside wealth management and trustee services. The company owns several prominent asset management brands, including Perpetual, Pendal, Barrow Hanley, J O Hambro, Regnan, Trillium, and TSW. Its wealth management division serves high-net-worth clients, non-profits, and private businesses through brands such as Perpetual Private, Fordham, and Jacaranda Financial Planning. The corporate trust division provides services to managed funds and the debt market, with a growing digital business under Laminar Capital. Headquartered in Sydney, Perpetual has a global presence with offices in Asia, Europe, the UK, and the US.
YTD Price Performance: 19.66%
Average Trading Volume: 148
Technical Sentiment Consensus Rating: Hold
Current Market Cap: €1.61B
See more insights into PPT stock on TipRanks’ Stock Analysis page.
