RPL regal partners limited

News: RPL UPDATE 1-Australia's Perpetual rejects improved $1.19 bln buyout offer

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    (Adds background on previous offer)

    Nov 10 (Reuters) - Australian asset manager Perpetual Ltd (PPT) said on Thursday it rejected a higher A$1.85 billion ($1.19 billion) bid from EQT-owned Barings Private Equity Asia (BPEA) and Regal Partners (RPL) .

    Perpetual said the new bid "continues to materially undervalue the company".

    The new bid, at A$33 a share, represents a 13.4% premium to Perpetual's last closing price. The consortium had previously offered A$30 a share, which Perpetual rejected.

    Perpetual is also under investigation from the country's securities regulator because of a spike in its share price in the final minute of trading a day before it announced the A$30 per share bid.

    The company is also in the process of acquiring rival Pendal Group (PDL) for A$2.51 billion.

    BPEA is one of the largest private equity players in the region, and was acquired by EQT in March. ($1 = 1.5555 Australian dollars)

 
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(20min delay)
Last
$3.08
Change
0.030(0.98%)
Mkt cap ! $1.043B
Open High Low Value Volume
$3.04 $3.13 $3.02 $1.320M 427.2K

Buyers (Bids)

No. Vol. Price($)
1 6500 $3.07
 

Sellers (Offers)

Price($) Vol. No.
$3.09 10957 1
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Last trade - 16.10pm 07/08/2025 (20 minute delay) ?
RPL (ASX) Chart
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