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Perpetual Shares Surge as Company Reveals Potential Takeover Bid

Perpetual Shares Surge as Company Reveals Potential Takeover Bid
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Perpetual Shares Surge as Company Reveals Potential Takeover Bid Perpetual Ltd shares jumped before the company requested a pause in trading citing an approach over a potential takeover deal. The stock rose about 17% before the fund manager asked for the trading halt “pending an announcement regarding an approach Perpetual has received in relation to a potential change of control transaction,” the company said in a statement, without providing further details.

Perpetual Shares Surge as Company Reveals Potential Takeover Bid Perpetual Ltd shares jumped before the company requested a pause in trading citing an approach over a potential takeover deal. The stock rose about 17% before the fund manager asked for the trading halt “pending an announcement regarding an approach Perpetual has received in relation to a potential change of control transaction,” the company said in a statement, without providing further details.
Company Reveals Potential Takeover Bid (ORG) Company Reveals Potential Takeover Bid Perpetual Ltd (ORG)
Originally published by Bloomberg Markets Read original →