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Perpetual Limited (ASX:PPT)

ALERT: Price-sensitive ASX Announcement for PPT
Current share price for PPT : $18.920 0.01 (0.05%)+
Announcement
Release
15 Jul 2026 7:21PM
Price at Release
$18.910
Full Release
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Summary
Perpetual Limited announced that it has received a revised non-binding indicative proposal from EQT AB to acquire all shares of the company at a price of A$22.07 per share, which is a slight increase from a prior offer. The proposal remains conditional on several factors, including the completion of a sale of Perpetual’s Wealth Management business to Bain Capital, due diligence, regulatory approvals, and the negotiation of binding transaction documentation. Despite the proposal being marked as automatically withdrawn upon disclosure, Perpetual chose to inform its shareholders. The company's board is currently reviewing the proposal with its advisers, and there is no guarantee that it will result in a formal offer or any transaction. Shareholders are advised not to take any immediate action.
Key Points
  • Perpetual Limited received a revised non-binding indicative proposal from EQT AB.
  • The proposal is to acquire 100% of Perpetual's shares at A$22.07 per share.
  • This represents a 2% increase from the previous offer of A$21.64.
  • The proposal is subject to various conditions including the sale of Perpetual’s Wealth Management business to Bain Capital.
  • The proposal will be automatically withdrawn if disclosed, but Perpetual has informed shareholders.
  • The Perpetual Board is reviewing the proposal with financial and legal advisers.
  • There is no certainty of a binding offer or transaction.
  • Shareholders are not required to take any action at this time.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.