Street Talk can reveal US buyout firm TA Associates and its Swedish counterpart EQT Partners are set to cross the enemy lines and work together as joint bidders.
After its bid to acquire Perpetual was rejected, Washington H. Soul Pattinson (WHSP) has increased its ownership in the fund manager to 11.6%, according to a filing made yesterday.
The ASX’s investment firms are paid to work out when managements are engaging in the illusion of value creation. It turns out they are the biggest culprits.