Equity Trustees lifts bid for Trust Co

DataRoom: Equity lobs sweeter bid two weeks before Trust votes on rival offer.

Equity Trustees has sweetened its hostile bid for takeover target The Trust Company for the second time, in what could be a final attempt to stymie rival Perpetual.

Underdog Equity Trustees has increased its all-scrip offer from 37 shares to 39 shares in exchange for 100 Trust Co shares, which values Trust Co at about $267 million.

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