Reported 4 days ago
Australia's Perpetual Ltd has confirmed receiving a buyout offer from KKR & Co, but stated that recent media reports mischaracterize the proposal's terms and value. After facing challenges with a high tax bill and lower shareholder returns, the company has put a planned A$2.2 billion deal on hold. Perpetual emphasized that the revised proposal includes commercial terms that need further discussion, and the final proceeds for shareholders remain uncertain.
Source: YAHOO