Perpetual Ltd confirms a new buyout offer from KKR for its businesses, amid tax liability issues.

Australian financial services firm Perpetual Ltd has confirmed it received a fresh buyout offer from KKR & Co for its wealth management and corporate trust businesses. Perpetual states the recent media reports about the offer's value are inaccurate. The revised proposal is all-cash, but the exact value is uncertain due to unresolved commercial terms. The deal, previously valued at around $2 billion, faced delays due to higher-than-expected tax liabilities, now estimated between $493 million and $529 million. Perpetual's board is reviewing the offer.