Australia's Platinum Asset Management at record low on takeover collapse

L1

09/12/2024 24:47

** Platinum Asset Management  PTM.AX  falls as much as 19.1%
to record low of A$0.845
    ** Co says fund-manager Regal Partners  RPL.AX  no longer
considering its takeover amid expectations of a revision to
Sept. 26's offer
    ** Announces special fully-franked dividend of 20 AU cents
    ** About 4.4 million shares traded, more than 4x the 30-day
avg
    ** Stock down 21.4% this year, as of last close

 (Reporting by Nichiket Sunil in Bengaluru)
 ((Reuters.Briefs@thomsonreuters.com))