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Market Impact: 0.35

Australia's Perpetual gets sweetened $1.75 billion bid from EQT

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M&A & RestructuringCompany FundamentalsPrivate Markets & Venture
Australia's Perpetual gets sweetened $1.75 billion bid from EQT

Perpetual received a sweetened non-binding takeover proposal from EQT AB valuing the company at A$2.50 billion ($1.75 billion). While the offer is not binding, the indicative valuation is likely to lift sentiment around a potential deal process and related trading in the stock.

Analysis

Perpetual received a sweetened non-binding takeover proposal from EQT AB valuing the company at A$2.50 billion ($1.75 billion). While the offer is not binding, the indicative valuation is likely to lift sentiment around a potential deal process and related trading in the stock.

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Market Sentiment

Overall Sentiment

mildly positive

Sentiment Score

0.15

Ticker Sentiment

PPTTF0.25