PDL pendal group limited
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News: PDL Pendal Group Ltd- Receives Conditional, Non-Binding Indicative Proposal From Perpetual

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    04/04/22
    11:40
    Post #: 60626621

    April 4 (Reuters) - Pendal Group Ltd (PDL) :

    • RECEIVES CONDITIONAL, NON-BINDING INDICATIVE PROPOSAL FROM PERPETUAL AT INDICATIVE VALUE OF A$6.23 PER SHARE
    • INDICATIVE PROPOSAL IS FOR A CONSIDERATION OF 1 PERPETUAL SHARE FOR EVERY 7.5 PENDAL SHARES PLUS A$1.67 CASH FOR EACH PENDAL SHARE
    • PENDAL SHAREHOLDERS WOULD OWN APPROXIMATELY 48% OF MERGED ENTITY
    • VALUE OF INDICATIVE PROPOSAL WILL FLUCTUATE DAILY IN LINE WITH PERPETUAL SHARE PRICE
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