Reported 22 days ago
Regal Partners Ltd., led by Philip King, has made a proposal to acquire rival Platinum Asset Management Ltd. in a strategic move for expansion, having tripled its assets in just two years. Regal's offer indicates a swap of 0.274 shares of Regal for each share of Platinum, valuing the deal at approximately A$526 million. Following the announcement, Platinum's shares experienced a significant increase, although the proposal remains non-binding as discussions continue.
Source: YAHOO