EQT's Perpetual bid is rejected. EQT stock sits below EUR 25.34

Published on 10/01/2026 at 13:58 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

EQT repurchased 4,368,899 shares in a program worth SEK 1.45 billion. EQT stock costs EUR 25.06 on October 1, 2026 after EUR 25.34.

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EQT's proposed A$22.50-per-share acquisition of Perpetual was rejected, while EQT stock was at EUR 25.06 at Lang & Schwarz on October 1, 2026, below the EUR 25.34 prior close. MarketScreener reported on September 21, 2026 that Perpetual rejected EQT-controlled Windflower's final proposal and ended the engagement process.

Perpetual closes the takeover route

The bid valued Perpetual at about USD 2.6 billion and followed earlier proposals of A$21.64 and A$22.07 per share, according to MarketScreener. The final offer also allowed Perpetual to pay an interim dividend of up to A$0.60 per share without reducing the proposed consideration.

Perpetual's board said the offer undervalued the company and identified execution risks. For EQT, the decision removes a transaction-specific route to expand its asset-management platform, leaving the stock's next scheduled reporting date as the nearer market reference.

Buyback adds a capital-allocation signal

Nasdaq Stockholm said on September 7, 2026 that EQT had repurchased 4,368,899 ordinary shares for SEK 1.45 billion between July 20 and September 4, 2026. The program represented a maximum of 4,368,899 shares and SEK 2.50 billion, and left EQT with 1,245,930,082 shares outstanding as of September 4, 2026.

The repurchases give investors a concrete capital-allocation measure alongside the failed Perpetual bid. EQT's market capitalization was SEK 333.7 billion on October 1, 2026, while its Nasdaq Stockholm share price was SEK 285.20 at 1:57 p.m. CEST, down SEK 2.80 from the prior close in the structured market quote.

October reporting date approaches

EQT's investor-relations calendar lists its quarterly announcement for July through September 2026 on October 15, 2026. The same calendar states that the group expects its adjusted EBITDA margin over time to remain within a 55 percent to 65 percent range, placing operating profitability alongside deal execution as a key point for the next update.

Stock remains below prior close

EQT stock was trading at EUR 25.06 at Lang & Schwarz on October 1, 2026 at 1:46 p.m. CEST, down 1.10 percent versus the EUR 25.34 prior close at Lang & Schwarz on September 30, 2026. EQT is listed on Nasdaq Stockholm under ticker EQT, with the primary-market quote in SEK.

The further course of trading is shown by the continuously updated real-time quote of EQT stock.