Business & Finance
Perpetual Shares Surge as Company Reveals Potential Takeover Bid
Key Points
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.