Australia’s Pendal says Perpetual’s $1.78 billion offer is not in shareholders’ interests.








Pendal Group Ltd said on Tuesday that the A$2.40 billion ($1.78 billion) non-binding takeover offer from asset manager Perpetual Ltd “significantly undervalued” the investment manager. Australian.

Pendal added that the offer was not in the best interest of its shareholders.

($1 = 1.3477 Australian dollars)

Marketzone with Reuters 2022

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Financial data

2022 turnover 688M
511M
469M
2022 net result 186M
138M
127M
trso. net 2022 285M
212M
194M
PER 202210.9x
2022 return8.38%
Capitalization 1,889M
1,402M
1,288M
VE / CA 20222.33x
VE / CA 20232.23x
Number of employees346
Floating92.3%

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Sale

Purchase

Average recommendationTO BUY
Number of Analysts12
Last Closing Price$5.30
Average price target$7.07
Deviation / Average Target33.5%

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