Perpetual has received another non-binding proposal from BPEA Private Equity and Regal Partners which it has rejected.

The revised offer increased from $30 per share to $33 which Perpetual said “continues to materially undervalue the company” in an update to the ASX.

In a separate update, Pendal confirmed to the market this morning it will continue Perpetual’s proposed acquisition of Pendal.

The post Perpetual rejects revised takeover proposal from BPEA and Regal appeared first on Professional Planner.

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