Australian financial group Perpetual Limited $PPT, a key player in asset management and corporate trust services, has announced receiving a revised bid from global investment giant KKR & Co Inc. $KKR. This offer, however, is accompanied by commercial terms that are yet to be finalized. The proposed acquisition, despite its potential, faces scrutiny due to tax-related challenges and shareholder concerns.
Australian company Perpetual $PPT.AX, specializing in asset management and corporate trust services, has confirmed receipt of an updated acquisition proposal from global investment firm KKR $KKR. Perpetual stated that the revised proposal necessitates further clarification of commercial terms before the deal can progress.