Australia's Perpetual rises on confirming KKR's sweetened bid

Perpetual

17/02/2025 02:03

** Perpetual  PPT.AX  gains 1.3% to A$23.600
    ** Stock rose as much as 1.9% to A$23.731 earlier in the
session, highest since May 8, 2024
    ** Fund manager confirms sweetened indicative buyout offer
from private equity firm KKR & Co  KKR.N  after media reports
    ** In December 2024, KKR had offered A$2.2 bln ($1.4 bln)
bid
    ** PPT says offer includes commercial terms that still need
to be finalised; did not disclose financials details
    ** Stock rises ~19% YTD
        
($1 = A$1.5731)

 (Reporting by Manasi Dasa Sundeep in Bengaluru)
 ((Manasi.DasaSundeep@thomsonreuters.com;))