CompaniesChanticleerChanticleerPerpetual’s latest drama? A self-destructing takeover bidSwedish private equity giant EQT has created a fresh drama for Perpetual with a self-destructing private equity bid designed to pressure punch-drunk investors.It’s the corporate equivalent of once bitten, twice shy.Having been rightly pilloried just weeks ago for the delayed disclosure of a private equity takeover bid, the board of Perpetual was taking no chances when a second non-binding offer from Sweden’s EQT lobbed late on Wednesday afternoon.Subscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? Latest In Financial servicesFetching latest articles