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Perpetual rebuffs $3bn bid from Washington H Soul Pattinson

Perpetual has rejected a $3 billion acquisition bid from Washington H. Soul Pattinson (WHSP) as it announces a strategic review of its company.

PPT ASX: Perpetual proposes break-up to counter ailing share price

The fund manager says it was exploring a demerger less than a year after acquiring rival Pendal in a move some analysts say could unlock $1 billion of value.

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