Platinum Asset Management Ltd (AU:PTM) has released an update.
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Platinum Asset Management Ltd has received an unsolicited acquisition proposal from Regal Partners Limited, offering Platinum shareholders a share exchange deal and a special dividend, subject to conditions like due diligence and regulatory approvals. The Board of Platinum is evaluating the proposal against the company’s value, strategic plans, and growth initiatives, advising shareholders to hold off on any actions until further updates are provided. Platinum has engaged Jefferies Australia and Allens as financial and legal advisers, respectively, to assist in the process.
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