The beleaguered financial services group has been querying shareholders who have backed a rogue candidate for the board, as proxy groups and a former star fund manager hit out at the company ahead of its AGM.
Perpetual
ASX:PPT
Perpetual's management team were interrogated by analysts today over their $2.2 billion deal with private equity firm KKR.
After a slow twelve months, it has taken just 48 hours for three multi-billion dollar prospects to land on the table and reignite interest in Australian markets.
Soul Patts' takeover bid probably won't succeed, at least under the current proposal, but Perpetual is also unlikely to continue in its current form.
The future of the 137-year-old investment company is uncertain as bidders sense an opportunity to swoop while the chips are down.
