Pendal is flying in its CEO, Nick Good, from Massachusetts to Sydney’s Chifley Tower as the company weighs Perpetual’s bid.
But the arrival doesn’t mean things will necessarily move quicker all at once.
Pendal has its quarterly funds under management update next week, and Good and the board are likely to sit still until then. Meanwhile, their adviser, Macquarie Capital, is using the time to drum up a competing bid.
Over at Western Areas and IGO, the two parties are back at the negotiating table after a scathing KPMG verdict knocked back IGO’s bid based on the price.
KPMG’s valuation range is still a mystery, but that’s not stopping investors from wondering what lies ahead in the saga.
It is understood David Moberley, a 10-year Paradice veteran, and ex-Northcape Capital portfolio manager James McBeath tendered their resignations this week.
Dixon Advisory has struck an agreement to sell its US Masters Residential Property Fund holdings, but it appears investors are not too happy with the deal.
You have received this email because you are subscribed to Street Talk First Look with the email address: newsletter@newslettercollector.com