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Perpetual rebuffs Soul Pattinson takeover offer

Perpetual has rejected a $3 billion acquisition bid from Washington H. Soul Pattinson, saying that it "materially undervalues" the company's Corporate Trust and Wealth Management divisions.

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Read more: PerpetualWashington H. Soul PattinsonCorporate TrustWealth ManagementAsset ManagementBofA SecuritiesGoldman SachsMacquarie Capital