Perpetual shares set for worst day in over six years after rejecting EQT bid
Shares of Perpetual fell 14% to A$16.86, heading for their largest daily loss since March 2020. The asset manager rejected another takeover offer from EQT AB at A$22.5 per share, a 14.8% premium over the stock's last close. This latest offer is higher than previous bids of A$21.64 on July 1 and A$22.07 in mid-July.
86, putting the stock on course for its biggest one-day drop since March 2020 if the trend holds. The shares also touched their lowest level since July 1. The asset manager rejected another higher takeover proposal from EQT AB. 07 a share in mid-July.
3% year to date, including moves in the current session.