Perpetual Ltd
PPT: XASX (AUS)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
A$39.80 | Cqdncx | Sfzgdwbq |
Perpetual: Takeover Bid Is Lower Than Our Intrinsic Assessment
The indicative proposal from Washington H. Soul Pattinson, or WHSP, to acquire narrow-moat-rated Perpetual is at a price broadly in line with our AUD 27.50 per share fair value estimate on a stand-alone basis. The proposal was unsurprisingly rejected by Perpetual’s board on the same day, given the lack of any control premium.