AFR reports As Perpetual and Pendal and their barrage of lawyers head to court on Thursday morning, it is understood they two companies are close to making another ruling of their own. While the court’s looking at the pair’s exclusivity agreement, the two sides have been talking about re-cutting their merger.It is understood they’re closing in on a new agreed deal, in a bid to make it more attractive to shareholders in both companies.The logical way to do it would be to increase the scrip portion of the offer and reduce the cash, to reduce leverage in the bulked up Perpetual.The re-cut has nothing to do with the courtroom drama, however the legal battle has brought the two sides together for talks.RELATED QUOTESPPTPerpetual Limited$31.580 -4.33%1 year1 dayNov 21May 22Nov 2222.50031.50040.500Updated: Nov 17, 2022 – 10.54am. Data is 20 mins delayed.View PPT related articles
