Australia’s Pendal Group said on Monday it had received a non-binding takeover offer from asset manager Perpetual Ltd valuing it at A$2.4 billion ($1.80 billion), sending shares of the investment management firm up to 24% higher.
Register now to enjoy 3 free articles per month,
or log in to continue reading.
Stay informed with complimentary articles each month
Gain access to our exclusive newsletters delivered directly to your inbox
Be the first to know about all our summits!
Already a Subscriber? Log in