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An announcement from Platinum Asset Management Ltd ( (AU:PTM) ) is now available.
Platinum Asset Management Limited has announced a merger with L1 Capital, resulting in a new entity where L1 Capital shareholders will hold 74% and Platinum shareholders 26% of the merged company. This strategic move is expected to create a leading provider of investment strategies with approximately A$16.5 billion in funds under management, offering significant benefits such as increased diversification, cost synergies, and enhanced growth opportunities for Platinum shareholders.
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 operating in the asset management industry, primarily offering listed and alternative investment strategies. The company focuses on providing investment management services to institutional, wholesale, high net worth, and retail investors in Australia and globally.
Average Trading Volume: 1,825,447
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$281.3M
Learn more about PTM stock on TipRanks’ Stock Analysis page.