(Reuters) – Australia’s Perpetual Ltd on Monday confirmed it received an indicative buyout offer from KKR & Co though the latest revised proposal and its quantum were not accurately described in the media.
An A$2.2 billion ($1.40 billion) deal with the buyout giant was on the back burner for the past two months after Perpetual received a much higher-than-expected tax bill, along with higher liabilities and lower shareholder returns.
($1 = 1.5751 Australian dollars)
(Reporting by Sameer Manekar in Bengaluru; Editing by Marguerita Choy)
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