May 8 (Reuters) - Perpetual Ltd (PPT) :
- PERPETUAL CONCLUDES STRATEGIC REVIEW
- PERPETUAL TO BECOME A STANDALONE, GLOBAL MULTI-BOUTIQUE ASSET MANAGEMENT BUSINESS
- ENTERED INTO A SCHEME IMPLEMENTATION DEED WITH AN AFFILIATE OF KOHLBERG KRAVIS ROBERTS & CO. L.P.
- AFFILIATE OF KOHLBERG KRAVIS ROBERTS & CO. L.P. WHO WILL ACQUIRE 100% OF TWO BUSINESSES VIA A SCHEME OF ARRANGEMENT
- GROUP MANAGING DIRECTOR AND CEO, ROB ADAMS WILL RETIRE FOLLOWING A PERIOD OF ORDERLY TRANSITION UPON COMPLETION
- DEAL FOR TOTAL CASH CONSIDERATION OF A$2.175 BILLION
- KRAVIS ROBERTS & CO WILL ACQUIRE 100% OF TWO BUSINESSES VIA A SCHEME OF ARRANGEMENT (SCHEME) FOR A$2.175 BILLION
- PERPETUAL'S BOARD UNANIMOUSLY RECOMMENDS SHAREHOLDERS VOTE IN FAVOUR OF SCHEME SUBJECT TO THERE BEING NO SUPERIOR PROPOSAL
- SCHEME IS SUBJECT TO PERPETUAL SHAREHOLDER VOTE AND IF IMPLEMENTED, PERPETUAL SHAREHOLDERS ARE EXPECTED TO RECEIVE CASH PROCEEDS
- COMPLETION IS ANTICIPATED TO OCCUR IN FEBRUARY 2025
(([email protected];))
News: PPT Perpetual Says To Sell Wealth Management, Corporate Trust Businesses To KKR For A$2.175...
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Mkt cap ! $2.275B | |||
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