Well 10 months down the track and look where PPT is !
How damaging to Regal might this have been if they had succeeded in their non-binding offer?
How well does the market think PPT have performed & will perform for their Shareholders?
Reflecting on what the PPT management thought when the offer was on the table:
https://www.marketindex.com.au/news/perpetual-soars-after-saying-no-thanks-to-regals-takeover-bid
A Key Point:
"Perpetual believes Regal's non-binding $30 per share offer materially undervalues the group"
If PPT are correct in their value expectations?, is it only a matter of time before someone else thinks they can have a stab at PPT?
Are there others that can extract value from PPT OR is it now too complicated to devour?
Ann: Rejection of conditional, non-binding indicative proposal, page-121
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Last
$21.97 |
Change
0.320(1.48%) |
Mkt cap ! $2.470B | |||
| Open | High | Low | Value | Volume |
| $21.90 | $22.05 | $21.85 | $819.1K | 37.33K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 123 | $21.96 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $21.98 | 254 | 6 |
View Market Depth
| Last trade - 10.45am 04/07/2024 (20 minute delay) ? |
| PPT (ASX) Chart |