Australia's Platinum Asset Management rejects Regal Partners' $420 mln takeover offer

Regal Partners

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;))