Investors requiring further evidence that Wilson Asset Management is giving serious thought to a deal with the $681 million Platinum Asset Management need look no further. Street Talk’s got the goods.
Sources told this column that WAM has requested access to Platinum Asset Management’s data room, while setting up one of its own. The two camps have held a couple of meetings, but it’s unclear how far the reverse due diligence has progressed – if at all – or if it would culminate in a firm proposal. WAM is looking at Platinum as sole bidder, the sources said.
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Sarah Thompson has co-edited Street Talk since 2009, specialising in private equity, investment banking, M&A and equity capital markets stories. Prior to that, she spent 10 years in London as a markets and M&A reporter at Bloomberg and Dow Jones. Email Sarah at sarah.thompson@afr.com
Emma Rapaport is a co-editor of the Street Talk column. Prior to that, she was a markets reporter at The Australian Financial Review. Connect with Emma on Twitter. Email Emma at emma.rapaport@afr.com
