Hence SOL wanting to buy PPT a while back and will manage the...

Hence SOL wanting to buy PPT a while back and will manage the business properly on higher margins. PPT management have always been super arrogant sea/double bay cowboys running the asylum.

The gross is off PPT and once the divestment and dividend is paid out early next year i assume SOL will take another swing if you join the dots below and commentary and look what part of the business KKR is buying......

12/12/2023 **DJ Washington H. Soul Pattinson Increases Stake in Perpetual to 11.66%

It seems unlikely that Washington H. Soul Pattinson is about to walk away fromits bid for Australian wealth manager Perpetual, says Bell Potter analyst Marcus Barnardin a note. This comes after WHSP increased its "relevant interest" in Perpetual up to11.66%. BP reckons that WHSP would be putting pressure on Perpetual management andpossibly other shareholders to accept their offer, or considering what sort of higheroffer might get approval. "With the market cap now A$2.9 billion, WHSP probably needs toincrease their offer to have a chance to succeed," says BP which also sees that withPerpetual now appearing to be "in play" it's likely there will be further bids.

6/12/2023 Non binding bid

1ASX Announcement6 December 2023Non-binding indicative proposal from Washington H. SoulPattinson and Company LimitedPerpetual Limited (Perpetual) (ASXPT) confirms that it received and rejected a confidential, unsolicited,conditional, non-binding indicative proposal from Washington H. Soul Pattinson and Company Limited(“WHSP”) to acquire 100% of the issued ordinary shares of Perpetual, via Scheme of Arrangement in anall-scrip proposal (the “Indicative Proposal”), conditional upon a demerger of Perpetual’s AssetManagement business.

Perpetual confirms that confidential discussions took place and that the Indicative Proposal was rejectedfor the following reasons:
 It materially undervalues Perpetual, and its Corporate Trust and Wealth Management businessesand, offers WHSP shares as consideration;
 It is conditional on a demerger of Asset Management, which would be distributed in-specie toexisting Perpetual shareholders; and,
 It introduces significant execution and operational risk over a protracted implementation period,and consequently may have negative value implications for Perpetual shareholders.