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Platinum Asset Management Ltd ( (AU:PTM) ) just unveiled an announcement.
Platinum Asset Management Limited has confirmed that the Independent Expert’s Report, prepared by Grant Thornton Corporate Finance Pty Ltd, supports the proposed merger with First Maven Pty Ltd (L1 Capital). The report, which includes financial disclosures and valuation assessments, does not require updates following the release of Platinum’s audited 2025 financial results and L1 Capital’s unaudited results. The merger is set to enhance Platinum’s market positioning, with the Board recommending shareholders vote in favor of the merger resolutions at the upcoming Extraordinary General Meeting.
The most recent analyst rating on (AU:PTM) stock is a Hold with a A$0.53 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 financial services company based in Sydney, Australia. It operates primarily in the asset management industry, providing investment management services and focusing on generating returns for its clients through various strategies.
Average Trading Volume: 2,127,531
Technical Sentiment Signal: Hold
Current Market Cap: A$424.9M
For an in-depth examination of PTM stock, go to TipRanks’ Overview page.