VGI Partners Ltd. (AU:RPL) has released an update.
Platinum Asset Management Limited has rejected an unsolicited takeover proposal from Regal Partners Limited, stating that the offer undervalues the company. The Board is considering Platinum’s inherent value, strategic initiatives, and potential benefits of a merger, but will only entertain offers that provide fair value to shareholders. No action is required from Platinum shareholders at this time as the Board continues to evaluate future proposals.
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