UBS hedge fund sales trader Sujit Dey’s rapid-fire maths on Perpetual’s $2.2 billion deal to sell its wealth management and corporate trust businesses – the tax implications of which were finally released on Thursday morning – argues that shareholders aren’t exactly walking away with a huge premium.
Perpetual’s outgoing chief executive Rob Adams. Brook Mitchell
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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
