Nov 3 (Reuters) - Regal Partners Ltd (RPL) :
- CONFIRM NON-BINDING INDICATIVE OFFER-ACQUIRE PERPETUAL
- CO, IN CONSORTIUM WITH BPEA EQT, CONFIRMS A NON-BINDING, INDICATIVE ALL-CASH PROPOSAL TO ACQUIRE PERPETUAL
- CONSORTIUM BELIEVES PROPOSAL PROVIDES PERPETUAL & SHAREHOLDERS WITH OUTCOME THAT IS SUPERIOR TO ACQUISITION OF PENDAL
- REGAL & BPEA EQT FUND HAVE AGREED THAT REGAL WILL SEEK TO ACQUIRE THE ASSET MANAGEMENT BUSINESSES OF PERPETUAL
- UNDER PROPOSAL, BPEA EQT FUND WILL SEEK TO ACQUIRE PERPETUAL CORPORATE TRUST AND PRIVATE CLIENTS BUSINESSES
- EXPECT MULTIPLE FUNDING SOURCES AND FUNDING MARKETS TO BE AVAILABLE TO REGAL SHOULD PROPOSAL PROGRESS FURTHER
- NOTES THAT THE PROPOSAL HAS BEEN REJECTED BY THE BOARD OF PERPETUAL
- AT THIS STAGE, THE CONSORTIUM HAS SOUGHT ENGAGEMENT AND DUE DILIGENCE
Add to My Watchlist
What is My Watchlist?