Not much merit in Pendal acquisition: Perpetual investor

  • 📰 FinancialReview
  • ⏱ Reading Time:
  • 32 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 90%

Colombia Noticias Noticias

Colombia Últimas Noticias,Colombia Titulares

Van Eck chief executive Arian Neiron says buying Pendal Group will not address Perpetual’s growth challenges.

Perpetual should cast the net wider for an acquisition that alleviates “structural headwinds”, according to an investor who has concerns about the fund manager’s approach to buy rival investment group Pendal.

Mr Neiron’s group is Perpetual 23rd largest shareholder, owning 0.26 per cent of the company through exchange-traded funds. “We would argue this is the last inorganic growth opportunity for Perpetual. How many can you do?” he said.Mr Neiron questioned whether Pendal represented the best deal for Perpetual if it was looking to expand globally, particularly at a time when many investment managers trade at lower valuations than Perpetual.

The terms of the bid would have resulted in Perpetual shareholders gaining slight majority control of the combined group by owning 52 per cent of the shares.deal made strategic sense

 

Gracias por tu comentario. Tu comentario será publicado después de ser revisado.
Hemos resumido esta noticia para que puedas leerla rápidamente. Si estás interesado en la noticia, puedes leer el texto completo aquí. Leer más:

 /  🏆 2. in CO

Colombia Últimas Noticias, Colombia Titulares

Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.

Bitcoin buyers outrank sellers despite brutal market crashAustralian cryptocurrency investors are lining up to invest in Bitcoin and other digital assets despite a brutal market crash. | By Dominic Powell domp botcoin crypto domp You know what Moon and 8F have in common? Both will pump into space, LOL 😤 domp The 'crash' just means it's on sale right now
Fuente: theage - 🏆 8. / 77 Leer más »

Bitcoin buyers outrank sellers despite brutal market crashAustralian cryptocurrency investors are lining up to invest in Bitcoin and other digital assets despite a brutal market crash, with the number of local buyers on some exchanges outranking sellers five to one | domp domp You know this is mostly bullshit. These unregulated bucket shops calling themselves an exchange can make up any numbers they want and no one would be none the wiser. domp domp They probably bet on horses and buy lottery tickets too. By the way '...cryptocurrency investors...' is a contradiction in terms.
Fuente: smh - 🏆 6. / 80 Leer más »