Platinum Asset Management Advances Merger Talks with L1 Capital

An update from Platinum Asset Management Ltd ( (AU:PTM) ) is now available.

Platinum Asset Management Limited has made significant progress in its merger discussions with L1 Capital, having completed the due diligence phase. The proposed merger terms have been adjusted, with L1 Capital shareholders expected to own 74% of the combined entity, while Platinum shareholders will hold 26%. The merger aims to enhance value for Platinum shareholders, though it remains subject to board and regulatory approvals. The merger’s completion is not guaranteed, as it depends on final negotiations and approvals.

The most recent analyst rating on (AU:PTM) stock is a Hold with a A$0.90 price target. To see the full list of analyst forecasts on Platinum Asset Management Ltd stock, see the AU:PTM Stock Forecast page.

More about Platinum Asset Management Ltd

Platinum Asset Management Limited is a company in the financial services industry, primarily focusing on asset management. It is listed on the Australian Securities Exchange and is involved in managing investment funds.

Average Trading Volume: 1,800,720

Technical Sentiment Signal: Strong Sell

Current Market Cap: A$289.9M

See more insights into PTM stock on TipRanks’ Stock Analysis page.