BUZZ-Australia's Perpetual rises on confirming KKR's sweetened bid

Reuters
17 Feb
BUZZ-Australia's Perpetual rises on confirming KKR's sweetened bid

** Perpetual PPT.AX gains 1.3% to A$23.600

** Stock rose as much as 1.9% to A$23.731 earlier in the session, highest since May 8, 2024

** Fund manager confirms sweetened indicative buyout offer from private equity firm KKR & Co KKR.N after media reports

** In December 2024, KKR had offered A$2.2 bln ($1.4 bln) bid

** PPT says offer includes commercial terms that still need to be finalised; did not disclose financials details

** Stock rises ~19% YTD

($1 = A$1.5731)

(Reporting by Manasi Dasa Sundeep in Bengaluru)

((Manasi.DasaSundeep@thomsonreuters.com;))

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