04:14 AM EDT, 07/17/2026 (MT Newswires) -- Australia-listed wealth manager Perpetual rejected a revised non-binding indicative proposal from Swedish private equity company EQT's (EQT.ST) indirectly controlled Windflower. The revised indicative proposal offered AU$22.07 per Perpetual share, an increase from the AU$21.64 per share proposal on July 1, according to a Friday release. Perpetual said its board believes the proposal does not sufficiently represent fair value for its shareholders.

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