Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
The latest update is out from Platinum Asset Management Ltd ( (AU:PTM) ).
Platinum Asset Management Limited is in preliminary discussions with L1 Capital regarding a potential merger that could create a combined investment business managing approximately A$18 billion in assets. This merger aims to enhance scale, diversify investment strategies, and achieve cost efficiencies, potentially benefiting shareholders with increased earnings and value. L1 Capital has also acquired a 9.6% shareholding in Platinum, with an option to increase its stake to 19.9% under certain conditions, indicating a significant interest in the partnership.
More about Platinum Asset Management Ltd
Platinum Asset Management Limited is an investment management company based in Sydney, Australia. It is known for managing a range of investment funds and providing asset management services. The company focuses on delivering value to its shareholders through strategic investments and partnerships.
YTD Price Performance: -22.56%
Average Trading Volume: 14,750
Technical Sentiment Signal: Strong Buy
Current Market Cap: €179.8M
See more insights into PTM stock on TipRanks’ Stock Analysis page.
Trending Articles:
Looking for a trading platform? Check out TipRanks' Best Online Brokers guide, and find the ideal broker for your trades.
Report an Issue