Platinum (PTM AU): Regal's Indicative Offer

Sep 17, 2024

∙ Paid

Platinum Asset Management (PTM AU) has confirmed, and is "considering the merits" of an unsolicited confidential, non-binding, indicative proposal from Regal Partners (RPL AU).
Regal has offered, by way of a Scheme, 0.274 Regal shares for every Platinum share. A $0.24/share special dividend is permitted, and added. Regal holds an estimated 5.1% stake.
With funds under management down 27% yoy, a merger with Regal is just the tonic for Platinum's long-suffering investors. Founder Kerr Neilson, holding 21.7%, will have the final say.

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