Perpetual Limited (ASX:PPT) Provides Update on KKR Acquisition
Transaction Update
Perpetual Limited (ASX:PPT) has announced a significant update regarding its proposed acquisition by Kohlberg Kravis Roberts & Co. L.P. An Independent Expert has indicated that the risk and potential increased tax liabilities associated with the transaction prevent them from concluding that the Scheme of Arrangement is in shareholders’ best interests.
Ongoing Engagement with KKR
Despite these concerns, Perpetual and KKR are actively engaging in constructive discussions concerning the transaction. Perpetual reassures shareholders that no immediate action is required from them at this time and commits to keeping the market informed in line with continuous disclosure obligations.
Motley Fool contributor Abbie Stokes has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
This article was generated using GPT-4o mini, a Large Language Model (LLM), to generate summaries of investing news. While AI is generating the content, we know better than to blindly trust our future robot overlords, and every article is edited and fact-checked by an editor holding the appropriate credentials. The Motley Fool Australia stands behind the work of our editorial team and takes ultimate responsibility for the content of everything published by The Capital Club.