HOLD ON....hmmmmmmm"As per the announcement on 10 November 2022,...

HOLD ON....hmmmmmmm

"As per the announcement on 10 November 2022, in response to Pendal’s application to
the court, Perpetual has sought a declaration from the Court to clarify the scope of the
Perpetual directors’ fiduciary carve out in the SID dated 25 August 2022. This carve out
for a payment of up to $23 million is important for Perpetual’s Board in the event that it
needs to pursue a major transaction it determines may be in the best interests of its shareholders. A decision on the declaration will be handed down by the Court tomorrow morning.(should be today? as dated 16 Nov22)
Additionally, the first court hearing for the Scheme of Arrangement has been deferred until the week commencing Monday, 21 November 2022, to seek orders convening the Scheme meeting and for despatch of the Scheme Booklet to shareholders in November 2022"

they've effectively bought Regal et al (or other) an extra 2 weeks to do the number crunching/legals to potentially cement an alternative offer (must be >$33)....

damn!! this just bought them time.