Market Chatter: Regal Partners Walks Away from Platinum Investment Offer Due to Concerns Over Outflows, High Price, The Australian Reports

MT Newswires Live

05-06

Regal Partners (ASX:RPL) walked away from a takeover for Platinum Investment Management (ASX:PTM) due to concerns around outflows from the firm's funds under management, Regal's chief executive, Brendan O'Connor, said at the Macquarie Australia conference, The Australian reported Tuesday.

They were seeking "too high a price for the business," O'Connor said.

Platinum's funds under management fell to AU$9.6 billion by the end of April, from AU$10.3 billion at the start of the same month.

Regal Partners made an offer equivalent to AU$1.10 per share for Platinum in September 2024, which was rejected by Platinum. Talks between the two firms ended in December 2024.

Platinum is currently pursuing merger talks with peer L1 Capital, and both parties are in the middle of their due diligence.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。

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Talks between the two firms ended in December 2024.</p><p>Platinum is currently pursuing merger talks with peer L1 Capital, and both parties are in the middle of their due diligence.</p><p>(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)</p></body></html>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"XAO.AU","symbol_name":"標普/澳交所 普通股指數","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2533543976","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2533543976","pubTimestamp":1746505025,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. 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