Pendal/Perpetual: 23 Dec Scheme Meeting
After the Supreme Court of NSW ruled that Perpetual Ltd (PPT AU) cannot stall the Scheme for Pendal Group (PDL AU), the Scheme Booklet is now out.
Under the revised terms, Pendal shareholders will receive 1 Perpetual (share for every 7 Pendal shares plus $1.65/share cash. The IE concluded the terms are fair and reasonable.
The Scheme Meeting will be held on the 23 December, with an expected implementation date on the 23 January.
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