News: PPT Washington H Soul Pattinson And Company Notes Announcement From Perpetual

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    Dec 6 (Reuters) - Washington H Soul Pattinson and Company Ltd (SOL) :

    • NOTES ANNOUNCEMENT FROM PERPETUAL ON 6 DECEMBER THAT IT INTENDS TO EXPLORE POTENTIAL SEPARATION
    • WHSP WELCOMES PERPETUAL'S POTENTIAL SEPARATION OF ITS CORPORATE TRUST AND WEALTH MANAGEMENT BUSINESSES
    • ON 21 NOV, SUBMITTED A NON-BINDING, INDICATIVE OFFER TO BUY 100% OF SHARES OF PERPETUAL NOT ALREADY OWNED
    • UNDER PROPOSAL, WHSP WOULD ACQUIRE 100% OF THE SHARES IN PERPETUAL VIA SCHEME OF ARRANGEMENT
    • UNDER PROPSAL, TO UNDERTAKE A SIMULTANEOUS DEMERGER OF PERPETUAL ASSET MANAGEMENT
    • INDICATIVE PROPOSAL IMPLIES EQUITY VALUE OF A$3,060 MILLION
    • PROPOSAL REPRESENTS A VALUE OF A$27.00 PER PERPETUAL SHARE
 
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Last
$20.51
Change
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Price($) Vol. No.
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