Australia's Pendal receives takeover bid from Perpetual valuing it at $1.8b

Australia's Pendal receives takeover bid from Perpetual valuing it at $1.8b

Australia’s Pendal Group said on Monday it had received a non-binding takeover offer from asset manager Perpetual Ltd valuing it at A$2.4 billion ($1.80 billion), sending shares of the investment management firm up to 24% higher.

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