Equity Trustees returns with higher offer for Trust Co

With just two weeks to go before Trust Co shareholders vote on a rival bid, Equity Trustees has lobbed a sweetened 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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