ASX Announcements
There are no ASX announcements for Perpetual Limited.
February
Perpetual targets debt and cost reduction after shunning KKR
The new chief executive says the sale of its wealth management unit is necessary to lower its debt, as he doubles down on cost-cutting plans.
Banks lift ASX, CBA up 3pc; WiseTech shares sink on board exodus
Shares in the green; Guzman extends sell-off; Alibaba’s big AI pivot; Domain downgraded; WiseTech shares plummet, four directors exit.
KKR to rue the day it missed out on 139-year-old Australian asset
There is spilt milk everywhere and no one comes out of this $2.175 billion mess looking good.
Perpetual kills off plan to sell trust and wealth unit to KKR
The 139-year-old group had proposed the sale to the private equity giant more than a year ago. It will now try to sell the wealth management unit separately.
WiseTech directors quit; Perpetual snubs KKR bid; Fly private for $3k
Read everything that’s happened in the news so far today.
Perpetual rejects KKR’s new bid for wealth, corporate trustee units
Street Talk understands the board voted down the new proposal overnight, after a meeting called for Sunday morning.
Perpetual board meets to deliberate KKR’s new bid
Perpetual’s board is four days out questioning from shareholders and analysts at its half-year results.
Perpetual confirms renewed KKR interest, terms ‘uncertain’
Perpetual’s response to reports of a revived deal to sell its trust and wealth units to KKR has left shareholders in the dark.
KKR rolls the dice with bigger Perpetual offer
Shareholders will receive franking credits, which, for some, will take the offer above $11 per share.
KKR set to rejig $2.2b bid for Perpetual; board calls meeting
Perpetual’s directors have been summoned to a board meeting scheduled for late Tuesday, as KKR prepares to rejig a $2.2 billion bid that was stung by a hefty tax bill.
January
The grim truth facing Perpetual
Perpetual’s asset management arm is in outflow, and its rescue deal is all but dead. New CEO Bernard Reilly is running out of options.
Former Perpetual fundie urges board to kill demerger for good
Former head of global equities Garry Laurence has bought up shares in the struggling firm and told the board to dismantle its funds management empire.
10 CEOs under the pump in 2025
Overextended stockmarket valuations equal heightened investor expectations. The market has these 10 chief executives in its sights.
December 2024
The good, the bad and the ugly of corporate Australia in 2024
Big deals, big names, big disasters. From AirTrunk to Woolies to our own Nine Entertainment, here are the biggest moments of the year.
Grant Samuel delivers all but fatal blow to $2.2b Perpetual deal
The corporate advisory firm, assigned as an independent expert on the sale, said it was not in the best interest of investors.
Drumstick Awards: The five biggest corporate stuff-ups of 2024
From miners to retailers to tech giants, corporate Australia put its foot in it again this year.
PwC client Perpetual now the ATO’s crash test dummy
It would be funny if it weren’t for Perpetual’s succession of own goals that have already turned it into an Australian funds management laughing stock.
Perpetual v ATO: $2.2b deal hangs in the balance
Though the tax office is risking $170 million-odd in the bag, it’s evidently seeking to set a precedent for future demergers.
Bleak prospects for Perpetual’s $2.2b KKR deal after tax bill blowout
The fund manager said it would have to pay up to $529 million to sell two lucrative divisions to the buyout giant, ruining the economics of the transaction.
Perpetual’s ATO ruling expected imminently
Perpetual has been seeking relief from the ATO to allow it to reorganise the business.