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Announced

Regal Partners to acquire Platinum Asset Management for AUD616m.

Synopsis

Regal Partners, an alternative investment manager, offered to acquire Platinum Asset Management, an Australian based fund manager which specialises in investing in international equities, for AUD616m. Australian fund manager Platinum Asset Management on September 26 rejected a takeover offer from hedge fund Regal Partners, saying that the proposal undervalued the company.

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