Australia's Perpetual rejects BPEA, Regal's improved $1.19b buyout offer

Australia's Perpetual rejects BPEA, Regal's improved $1.19b buyout offer

Source: Perpetual's LinkedIn page

Australian asset manager Perpetual Ltd said on Thursday it rejected a higher A$1.85 billion ($1.19 billion) bid from EQT-owned Baring Private Equity Asia (BPEA) and Regal Partners.