Nov 10 (Reuters) - Perpetual Ltd (PPT) :
- CONFIRMS PROPOSED SHORT DEFERRAL OF FIRST COURT HEARING FOR SCHEME OF ARRANGEMENT PROCESS WITH PENDAL
- DEVELOPMENTS INCLUDE TWO INDICATIVE OFFERS FROM CONSORTIUM WHICH WERE REJECTED BY BOARD
- DEVELOPMENTS INCLUDE FURTHER ACTUAL AND SPECULATED INTEREST IN PERPETUAL BY OTHER PARTIES
- UNDER SOME CIRRCUMSTANCES, CO MAY HAVE OBLIGATION TO PAY TO PENDAL UP TO A$23 MILLION
- DOES NOT CONSIDER IT FEASIBLE TO SETTLE DISCLOSURE FOR SCHEME BOOKLET OF REQUIRED STANDARD REGARDING PERPETUAL SCRIP ON GIVEN TIMETABLE
- REQUESTED CHANGE TO FIRST COURT HEARING FOR SCHEME WOULD NOT IMPACT TARGET IMPLEMENTATION DATE
- SCHEME IMPLEMENTATION DEED PROVIDES FOR SITUATION WHERE CO DETERMINES THAT IT SHOULD NOT PROCEED WITH PENDAL DEAL
- SCHEME IMPLEMENTATION DEED PROVIDES FOR SITUATION WHERE CO DETERMINES IT SHOULD PURSUE TRANSACTION WHICH PREVENTED PENDAL DEAL
News: PPT Perpetual Confirms Proposed Deferral Of First Court Hearing For Pendal Deal
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