Inactive Instrument

Pendal Group

Equities

PDL

AU0000009789

Australia's Pendal and Perpetual tweak $1.6 bln buyout deal

November 16, 2022 at 05:06 pm EST

Nov 17 (Reuters) - Australia's Pendal Group and buyer Perpetual Ltd will tweak the buyout structure of their agreed-to A$2.34 billion ($1.58 billion) deal, reducing the cash component and hiking the stock component of the bid, the companies said on Thursday. ($1 = 1.4837 Australian dollars) (Reporting by Roushni Nair in Bengaluru; Editing by Krishna Chandra Eluri)

Latest news about Pendal Group

Pendal Group Limited's Equity Buyback announced on April 12, 2022, has expired.	23-05-09	CI
Pendal Group to Delist from ASX After Acquisition by Perpetual	23-01-23	MT
Pendal Group Limited Announces Cessation of Kathryn Matthews as Director	23-01-23	CI
Perpetual Acquires Pendal Group	23-01-23	MT
Pendal Group Limited Announces Cessation of Nicholas Good as Director	23-01-23	CI
Pendal Group Limited Announces Cessation of Christopher Jones as Director	23-01-23	CI
Pendal Group Limited Announces Cessation of Benjamin Heap as Director	23-01-23	CI
Pendal Group Limited Announces Cessation of Sally Collier as Director, Effective from 23 January 2023	23-01-23	CI
Pendal Group Limited(ASX:PDL) dropped from S&P Global BMI Index	23-01-13	CI
Pendal Group Limited(ASX:PDL) dropped from S&P/ASX All Ordinaries Index	23-01-13	CI
Pendal Group Limited(ASX:PDL) dropped from S&P/ASX 300 Index	23-01-13	CI
Pendal Group Limited(ASX:PDL) dropped from S&P/ASX 200 Index	23-01-13	CI
Pendal Group Limited(ASX:PDL) dropped from S&P/ASX Small Ordinaries Index	23-01-13	CI
Pendal Suspends Trading at Australian Bourse Following Scheme Effectivity	23-01-12	MT
Perpetual Limited completed the acquisition of acquire Pendal Group Limited from a group of shareholders.	23-01-11	CI
Pendal Group's Funds Under Management Expands in December 2022 Quarter	23-01-11	MT
Supreme Court Grants Approval for Perpetual’s Takeover of Pendal	23-01-11	MT
Transcript : Pendal Group Limited - Shareholder/Analyst Call	22-12-22
Australian regulator temporarily halts orders on two Perpetual funds	22-11-24	RE
Bloomberg Video: Pendal Group: Bonds Haven't Been This Interesting	22-11-22	MT
Australia shares jump on boost from financials, energy stocks	22-11-17	RE
Pendal Group Temporarily Pauses Share Trading	22-11-17	MT
Perpetual shares dive as court ties up exit options from Pendal deal	22-11-16	RE
Australian shares inch higher as financials and gold stocks advance	22-11-16	RE
Pendal and Perpetual agree on new structure of $1.6 bln buyout deal	22-11-16	RE

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Company Profile

Pendal Group Limited is an Australia-based independent, global investment management company. The Company is focused on delivering investment returns for its clients through active management. The Company has three segments: Pendal Australia, Pendal EUKA and Pendal US. The Pendal Australia segment is engaged in the Company's investment management business operating in Australia. The Pendal EUKA segment is engaged in the Company's investment management business operating in Europe, the United Kingdom and Asia. The Pendal US segment is engaged in the Company's investment management business operating in the United States of America. The Company's products include Pendal Global Select Fund, Pendal Sustainable Australian Fixed Interest Fund, Pendal Focus Australian Share Fund, Pendal Horizon Fund, Regnan Global Equity Impact Solutions Fund, Regnan Credit Impact Trust, Pendal Concentrated Global Share Fund, Pendal Sustainable Australian Share Fund, Pendal Monthly Income Plus Fund and other.

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