(Adds details in paragraphs 2-4)
Dec 12 (Reuters) - Perpetual Ltd's (PPT) top investor, Australian diversified investment firm Washington H. Soul Pattinson and Company (WHSP) (SOL) , has increased its stake in the company to 11.66%, according to an exchange filing made on Tuesday.
This comes after the fund manager rejected WHSP's A$3.1 billion ($2.04 billion) takeover offer last week, saying the proposal undervalued its business.
WHSP previously held a nearly 10% stake in Perpetual as of Dec. 6, the day the takeover offer was made.
The proposal came at a time of consolidation in the Australian wealth management market. Perpetual bought rival Pendal for A$2.5 billion earlier this year and Regal Investment Fund (RF1) picked up PM Capital last month.
($1 = 1.5165 Australian dollars)
(Adds details in paragraphs 2-4) Dec 12 (Reuters) - Perpetual...
Add to My Watchlist
What is My Watchlist?
 (20min delay)
|
|||||
|
Last
$40.58 |
Change
0.080(0.20%) |
Mkt cap ! $14.92B | |||
| Open | High | Low | Value | Volume |
| $40.40 | $40.89 | $40.07 | $11.41M | 281.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 413 | $40.55 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $40.74 | 857 | 1 |
View Market Depth
| Last trade - 16.10pm 30/07/2025 (20 minute delay) ? |
| SOL (ASX) Chart |