Perpetual has recently said that the offer made by Kohlberg Kravis Roberts & Co. is too low and the financial manager of the company is even ready to share the financial information with the PE group which may attract a better bid price from the company.

It is to be mentioned here that the PE company made an offer of up to 1.75 billion Australian dollars (US$1.72 billion) but a spokesperson of the company recently said that as it is bit of Grey area in this deal which becomes a data room but it is surely not the due diligence process.

KKR made this offer on the 18th October which was an indicator to the company to bag the share of Perpetual at a price of A$38-A$40 per share. The total value of the company according to the offer made by KKR came out to be close to A$1.66 billion-A$1.75 billion.

There is no denying the fact that the PE companies have started to move back to the Australian economy and it has recently snapped up hospital owner Healthscope Ltd. following a brief bidding war.