Platinum Asset Management accepts Regal Partners due diligence, with potential for revised offers.

Platinum Asset Management has allowed Regal Partners to conduct due diligence after Regal's initial takeover bid was rejected for undervaluing the firm. Platinum, which manages around $12 billion, is open to revised offers from Regal or other parties if they meet shareholder value expectations. Regal currently holds a 5.5% stake in Platinum and aims to improve the terms of its proposal following the board's unanimous rejection of the first offer.

October 04, 2024
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