Australia's Platinum Asset Management rejects Regal Partners' $420 mln takeover offer
25/09/2024 23:50
Sept 26 (Reuters) - Australia's Platinum Asset Management PTM.AX said on Thursday it rejected a non-binding takeover offer from Regal Partners RPL.AX , which valued the fund manager at about A$616.5 million ($420.76 million), saying it undervalues the company. ($1 = 1.4652 Australian dollars) (Reporting by Roshan Thomas in Bengaluru; Editing by Mohammed Safi Shamsi) ((Roshan.Thomas@thomsonreuters.com;))
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