Australia's Perpetual sinks on adverse tax ruling over KKR deal
Portfolio Pulse from
Shares of Perpetual fell nearly 10% after Australian tax authorities reviewed its deal with KKR & Co, revealing higher liabilities and lower shareholder returns.
December 10, 2024 | 1:00 am
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
KKR & Co's deal with Perpetual is under scrutiny by Australian tax authorities, leading to higher liabilities and lower shareholder returns for Perpetual.
The tax ruling affects Perpetual more directly, but KKR is involved in the deal. The news may cause investors to be cautious about KKR's involvement in similar deals, but the direct impact on KKR's stock is less certain.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50