Australia's Pendal and Perpetual to modify structure of $1.6b buyout deal

Australia's Pendal and Perpetual to modify structure of $1.6b buyout deal

Photo: Pixabay

Australia’s Pendal Group and buyer Perpetual Ltd will tweak the buyout structure of their agreed-to A$2.34 billion ($1.58 billion) deal by reducing the cash component and hiking the stock component, the companies said on Thursday.