Perpetual Ltd's share price fell after rejecting EQT Group's latest takeover offer. The Sydney-based investment agency said the final best offer was not in the interests of shareholders. The company announced on Monday that the price of 22.5 Australian dollars per share, plus a potential dividend of up to 0.6 Australian dollars, underestimated the value of Perpetual. This July quote of 22.5 Australian dollars/share valued Perpetual at about 2.8 billion Australian dollars. In early trading on Monday, the biggest drop in Perpetual's stock price reached 15%, the biggest one-day decline since November 2022.

Perpetual Ltd's share price fell after rejecting EQT Group's latest takeover offer. The Sydney-based investment agency said the final best offer was not in the interests of shareholders. The company announced on Monday that the price of 22.5 Australian dollars per share, plus a potential dividend of up to 0.6 Australian dollars, underestimated the value of Perpetual. This July quote of 22.5 Australian dollars/share valued Perpetual at about 2.8 billion Australian dollars. In early trading on Monday, the biggest drop in Perpetual's stock price reached 15%, the biggest one-day decline since November 2022.