News: PPS Australia's Netwealth Group offers to buy Praemium for $590 mln

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    Nov 2 (Reuters) - Australian superannuation services firm Netwealth Group (NWL) said on Tuesday it had made a A$785 million ($590.40 million) approach to buy investment manager Praemium Ltd (PPS) to expand into the growing market for wealth management services.

    Netwealth has offered A$1.50 in cash and stock for each share of Praemium. ($1 = 1.3296 Australian dollars)

 
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(20min delay)
Last
80.5¢
Change
0.020(2.55%)
Mkt cap ! $384.5M
Open High Low Value Volume
78.5¢ 80.5¢ 78.0¢ $654.7K 824.8K

Buyers (Bids)

No. Vol. Price($)
1 7999 80.5¢
 

Sellers (Offers)

Price($) Vol. No.
81.0¢ 122584 3
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Last trade - 16.10pm 08/09/2025 (20 minute delay) ?
PPS (ASX) Chart
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