Battle still on for IOOF Holdings?

IOOF CEO Christopher Kelaher wants a 'cradle to grave' financial services company. He won't let Trust Co. go to Perpetual without a fight.

The longer the battle for Trust Co. continues the better its shareholders and board must feel.

Perpetual’s $247 million offer, based on Friday’s closing share prices, is 11% above IOOF’s competing bid and 24% higher than what Perpetual originally agreed to pay for the manager, adviser or supervisor of $164 billion of assets.

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