Key facts
- Perpetual has received a sweetened non-binding takeover proposal from EQT AB.
- The proposal values Perpetual at A$2.50 billion ($1.75 billion).
- This is an improved offer from EQT, which had previously bid A$2.45 billion.
- Perpetual had rejected the earlier bid earlier this month.
Australian financial services firm Perpetual announced on Wednesday that it has received a sweetened non-binding takeover proposal from Swedish private equity firm EQT AB. The latest offer values the company at A$2.50 billion, equivalent to $1.75 billion. This revised bid comes after Perpetual rejected an earlier A$2.45 billion offer from EQT earlier in July.