The board of Pendal Group, a Sydney-based multiboutique manager with A$135.7 billion ($101 billion) in assets under management, said Tuesday it had unanimously rejected Perpetual Ltd.'s A$2.4 billion ...

Pendal Group Ltd said on Tuesday the A$2.40 billion ($1.78 billion) non-binding takeover offer from asset manager Perpetual Ltd "significantly undervalued" the Australian investment manager. The ...

The Trust Company (Trust) will continue to recommend Perpetual's take-over offer to its shareholders ahead of a competing offer from Equity Trustees (EQT) after receiving an expert's report on the ...