Perpetual bid wins final approval
- {{x.value}}
{{ twilioFailed ? 'SMS Code Failed to Send…' : 'Enter verification code' }}
{{ completedStep1 ? 'Authentication & Security' : content.trialHeading.replace('{0}', user.FirstName) }}
{{ content.upgradeHeading.replace('{0}', user.FirstName) }}
The email address you entered is registered with InvestSMART
Please login to continue
We have sent you an email with the details of your registration.
Looks you are already a member. Please enter your password to proceed
{{ upgradeCTAText }}
Updating information
Please wait ...
Your membership to InvestSMART Group recently failed to renew.
Please make sure your payment details are up to date to continue your membership.
Having trouble renewing?
Please contact Member Services on support@investsmart.com.au or 1300 880 160
You've recently updated your payment details.
It may take a few minutes to update your subscription details, during this time you will not be able to view locked content.
If you are still having trouble viewing content after 10 minutes, try logging out of your account and logging back in.
Still having trouble viewing content?
Please contact Member Services on support@investsmart.com.au or 1300 880 160
Please click on the ACTIVATE button to activate your Intelligent Investor 15-day free trial
Please click on the ACTIVATE button to finalise your membership
Unsuccessful registration
Registration for this event is available only to Eureka Report members. View our membership page for more information.
Registration for this event is available only to Intelligent Investor members. View our membership page for more information.
- You are already registered for this event.
- This event is already full.
- Please select a quantity for at least one ticket.
- {{ i }}
Forgotten password
Please enter your email address below to request a new password
- Verify your email address by clicking on the link we sent to {{user.Email}}
- You now have free access, we look forward to helping you on your financial journey.
Perpetual (PPT) has won final regulatory approval for its proposed acquisition of The Trust Company (TRU) from the New Zealand Overseas Investment Office.
In a statement to the Australian Securities Exchange, Perpetual welcomed the green light, after the Australian Competition and Consumer Commission approved the takeover last week.
“This final regulatory approval coincides with the lodgement yesterday of a draft scheme booklet with ASIC as we progress towards a scheme meeting of The Trust Company shareholders planned for late November," Perpetual chief executive officer Geoff Lloyd said.
Mr Lloyd's comments echo previous sentiments that the suitor still expects a scheme meeting of Trust Co shareholders will be held in late November, with a target implementation date in mid-December 2013.
Trust Co this month agreed to a sweetened takeover bid from Perpetual, with guaranteed minimum cash consideration plus dividends of $6.68 or better.
Perpetual offered 0.182 Perpetual shares for each Trust Co share, scrip alternative.
Trust Co directors unanimously recommended the revised Perpetual offer.
For more potential takeover targets, see Tom Elliott's 10 stocks in the takeover spotlight.