Trust Co accepts Perpetual offer

Target inks sweetened takeover deal as Perpetual supports interim dividend.

The Trust Company (TRU) has agreed to a sweetened takeover bid from Perpetual (PPT), after IOOF Holdings (IFL) made a rival offer last week.

In a statement to the Australian Securities Exchange, Perpetual said it will now offer 0.182 Perpetual shares for each Trust Co share, scrip alternative.

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