© Reuters. FILE PHOTO: Australian dollars are seen in an illustration photo February 8, 2018. REUTERS/Daniel Munoz
(Reuters) – Perpetual Ltd’s top investor, Australian diversified investment firm Washington H. Soul Pattinson and Company (WHSP), has increased its stake in the company to 11.66%, according to an exchange filing on Tuesday.
The stake increase comes after the fund manager rejected WHSP’s A$3.1 billion ($2.04 billion) takeover offer last week.
($1 = 1.5165 Australian dollars)