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Perpetual-KKR deal not best for shareholders after tax bill surge, says board expert

Summary by WTVB
(Reuters) – Australia’s Perpetual said on Tuesday an independent expert has opined the asset manager’s plan to sell the wealth management and corporate trust business to KKR would not serve the best interest of investors after a tax bill blowout. The company’s A$2.2 billion ($1.40 billion) deal with the buyout giant is at risk of falling after earlier in the month receiving a much higher-than-expected tax bill, along with higher liabilities …
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