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By Scott Murdoch and Lewis Jackson
(Reuters) -Australian fund manager Perpetual on Wednesday rejected a A$3.1 billion ($2 billion) takeover offer from its largest shareholder, diversified investor Washington H Soul Pattinson (WHSP), saying the proposal undervalued its business.
WHSP has a 9.9% stake in Perpetual. Its proposal came hours after Perpetual announced that it was looking at splitting off its corporate trust and wealth management businesses from its core asset management division.
P...
>>> Read more: Australian fund manager Perpetual rejects $2 billion bid from top investor
(Reuters) -Australian fund manager Perpetual on Wednesday rejected a A$3.1 billion ($2 billion) takeover offer from its largest shareholder, diversified investor Washington H Soul Pattinson (WHSP), saying the proposal undervalued its business.
WHSP has a 9.9% stake in Perpetual. Its proposal came hours after Perpetual announced that it was looking at splitting off its corporate trust and wealth management businesses from its core asset management division.
P...
>>> Read more: Australian fund manager Perpetual rejects $2 billion bid from top investor
