Australia's Perpetual gains on sweetened $1.78 billion bid from EQT AB
27/07/2026 06:31
BUZZ-Australia's Perpetual gains on sweetened $1.78 billion bid from EQT AB ** Shares of Australian asset manager Perpetual PPT.AX rise as much as 3.5% to A$19.59, marking their biggest intraday pct gain since July 2
** Co gets a higher A$2.55 billion ($1.78 billion) offer from Swedish private equity firm EQT AB EQTAB.ST after PPT rejected two earlier bids this month
** Perpetual says it has made no recommendation to shareholders regarding the offer
** EQT's latest proposal represents a roughly 4% increase from its initial bid
** Stock last up around 3%, bringing YTD gains to over 4%
($1 = 1.4292 Australian dollars)
(Reporting by Shruti Agarwal in Bengaluru)