RBI Holds Repo Rate at 5.25% as India’s Growth Outlook Strengthens After U.S. Trade Deal 
Gold and Silver Prices Slide as Dollar Strength and Easing Tensions Weigh on Metals 
Silver Prices Plunge in Asian Trade as Dollar Strength Triggers Fresh Precious Metals Sell-Off 
Russian Stocks End Mixed as MOEX Index Closes Flat Amid Commodity Strength 
U.S. Stock Futures Slide as Tech Rout Deepens on Amazon Capex Shock 
Trump Lifts 25% Tariff on Indian Goods in Strategic U.S.–India Trade and Energy Deal 
India–U.S. Interim Trade Pact Cuts Auto Tariffs but Leaves Tesla Out 
Asian Stocks Slip as Tech Rout Deepens, Japan Steadies Ahead of Election 
U.S.-India Trade Framework Signals Major Shift in Tariffs, Energy, and Supply Chains 
Singapore Budget 2026 Set for Fiscal Prudence as Growth Remains Resilient 
China Extends Gold Buying Streak as Reserves Surge Despite Volatile Prices 
Gold Prices Slide Below $5,000 as Strong Dollar and Central Bank Outlook Weigh on Metals 
Dollar Steadies Ahead of ECB and BoE Decisions as Markets Turn Risk-Off 
Bank of Japan Signals Readiness for Near-Term Rate Hike as Inflation Nears Target 
Dollar Near Two-Week High as Stock Rout, AI Concerns and Global Events Drive Market Volatility 
Trump’s Inflation Claims Clash With Voters’ Cost-of-Living Reality 
Oil Prices Slide on US-Iran Talks, Dollar Strength and Profit-Taking Pressure 
Australia’s Platinum Asset Management has declined a non-binding takeover proposal from Regal Partners that valued the fund manager at about A$616.5 million ($420.76 million). The bid, disclosed on September 17, offered Platinum shareholders 0.274 Regal shares, along with a fully franked special dividend of A$0.20 per share, which would be funded from Platinum’s cash reserves.
Details of the Proposal
Photo by Joshua Mayo on Unsplash
The proposal from Regal Partners carried an implied value of A$1.10 per Platinum share, representing a premium of 11.1% over Platinum’s closing price on September 16, as was also tackled by the site Australian Financial Review. Despite the premium, Platinum’s board decided that the offer did not sufficiently reflect the company’s intrinsic value and its long-term growth prospects.
"Platinum remains open to exploring opportunities that are in the best interests of our shareholders, whether from Regal or other potential third parties," the company said in a statement. "However, any future proposal must fully reflect the inherent value of the company, including its strategic positioning and long-term growth prospects."
Future Prospects for Platinum
Photo by Austin Distel on Unsplash
While the bid was rejected, Platinum has indicated that it remains open to exploring other potential offers from Regal or third parties that better align with its valuation. The asset manager is looking to secure a deal that comprehensively considers its value and growth potential, underscoring its focus on long-term shareholder interests.
Industry Context and Significance
The proposal’s A$1.10 per share valuation underscored Regal Partners’ interest in expanding its footprint within the asset management industry. However, Platinum's rejection reflects a strategic decision to prioritize its valuation and market positioning. As one of Australia’s prominent asset managers, Platinum focuses on growth-oriented and value-driven investment strategies.
The offer and subsequent rejection come at a time of increasing consolidation within the asset management sector, as firms aim to scale operations and strengthen market presence, according to The Sydney Morning Herald. The outcome of this potential deal may set the stage for further mergers and acquisitions in the industry.
What’s Next?
It remains to be seen if Regal Partners will return with a revised offer or if another bidder will emerge to engage Platinum Asset Management.
($1 = 1.4652 Australian dollars)
