11:21 PM EDT, 09/20/2026 (MT Newswires) -- Australian asset manager Perpetual rejected the latest takeover proposal of EQT (EQT.ST) and ended its engagement process with the Swedish private equity group. In a Monday release, the targeted company said EQT's offer of AU$22.50 per share through Windflower undervalues the company and is not in the best interests of its shareholders. Perpetual added that the end of its engagement with EQT will not affect its strategy, including the divestment of its wealth management business, which is expected to be completed in the fourth quarter of 2026.

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