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Both Pendal Group and Perpetual have confirmed the terms of their takeover deal have changed, in addition to the Supreme Court ruling that Pendal could rightfully seek more than a break fee if the deal goes south.
The wealth management companies have struck a new deal, which involves a reduction in the cash component and an increase in the scrip consideration. Perpetual Limited has agreed to revise the cash
A Supreme Court ruling has broadened the remedies available to Pendal Group in the event of a withdrawal of Perpetual’s takeover offer. Perpetual Limited’s share price slipped 15 per cent on Th
As more Fed speakers wax hawkish, forecasts for the peak Fed rate rise. Dow down -7. (Available for non-subscribers after 10am)
Weekly update on stockbroker recommendation, target price, and earnings forecast changes