(Adds offer details)
April 4 (Reuters) - Australia's Pendal Group (PDL) said on Monday it received a non-binding takeover offer from asset manager Perpetual Ltd (PPT) , valuing the investment management firm at around A$2.4 billion ($1.80 billion).
Under the proposal, Pendal's shareholders will receive 1 Perpetual share for every Pendal share they hold, along with A$1.67 in cash, taking the offer price to A$6.23 per share, a premium of 39.2% to the stock's last close of A$4.48.
Pendal, which said it will assess the offer, noted it comes at a time of significant geopolitical instability, which combined with the economic impact of the COVID-19 pandemic, has impacted the trading values of asset managers. ($1 = 1.3356 Australian dollars)
News: PPT UPDATE 1-Australia's Pendal Group receives $1.8 billion takeover offer from Perpetual
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Last
$19.38 |
Change
-0.160(0.82%) |
Mkt cap ! $2.222B | |||
| Open | High | Low | Value | Volume |
| $19.60 | $19.78 | $19.35 | $4.324M | 221.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 594 | $19.30 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $19.42 | 461 | 3 |
View Market Depth
| Last trade - 16.10pm 12/09/2025 (20 minute delay) ? |
| PPT (ASX) Chart |