Australia's Perpetual confirms it received a fresh proposal from KKR

Perpetual

16/02/2025 22:53

Feb 17 (Reuters) - Australia's Perpetual Ltd  PPT.AX  on
Monday confirmed it received an indicative buyout offer from KKR
& Co  KKR.N  though the latest revised proposal and its quantum
were not accurately described in the media.
    An A$2.2 billion ($1.40 billion) deal with the buyout giant
was on the back burner for the past two months after Perpetual
received a much higher-than-expected tax bill, along with higher
liabilities and lower shareholder returns.
    

($1 = 1.5751 Australian dollars)

 (Reporting by Sameer Manekar in Bengaluru
Editing by Marguerita Choy)
 ((Sameer.Manekar@thomsonreuters.com;))