Jul 8, 2026 – 6.50pmOne of Perpetual’s largest institutional shareholders says the $2.5 billion private equity bid for the financial conglomerate was way too low as it positioned for a revival in active funds management.Spheria Asset Management, which accounts for about 3 per cent of Perpetual’s share register, backed the board’s decision to knock back a $21.64 per share bid from an entity linked to Swedish private equity giant EQT last week.Subscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? Fetching latest articles
Perpetual private equity bid “way too low” says major shareholder
From one active fund manager to another, Spheria Asset Management, says Perpetual’s asset management unit is undervalued and should not be sold on the cheap.
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