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Perpetual Ltd’s board rejected the offer from Windflower Pte Ltd, which it believes is indirectly controlled by Swedish private equity and venture capital firm EQT AB.

Wealth management firm Perpetual knocks back Swedish bid

The investment advice company has rejected an unsolicited $2.5 billion takeover bid from an offshore entity controlled by EQT AB, saying it does not adequately represent fair value for shareholders.

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