July 27 (Reuters) - Perpetual Ltd PPT.AX :
* TO ACQUIRE A 75% INTEREST IN US-BASED ASSET MANAGER, BARROW HANLEY
* COMPLETION OF ACQUISITION EXPECTED BY END OF FIRST HALF FY2021
* ENTERED AGREEMENT WITH BRIGHTSPHERE INVESTMENT GROUP TO BUY BSIG'S 75% INTEREST IN BARROW HANLEY FOR US$319 MILLION
* ANNOUNCES A$225 MILLION INSTITUTIONAL PLACEMENT AND NON- UNDERWRITTEN SHARE PURCHASE PLAN TARGETING TO RAISE UP TO A$40 MILLION
* ACQUISITION IS EXPECTED TO MORE THAN TRIPLE PERPETUAL'S FUM FROM A$28.4 BILLION TO A$92.3 BILLION
* EXPECTS TO REPORT STATUTORY NET PROFIT OF $82.0 MLN AND AN UNDERLYING PROFIT AFTER TAX OF $93.5 MLN FOR FY20
* INTENDS TO CHANGE DIVIDEND POLICY IN FUTURE TO REFLECT IMPACT ON STATUTORY EARNINGS PROFILE UPON COMPLETION OF DEAL
* EXPECTS ACQUISITION TO BE DPS ACCRETIVE IN FIRST YEAR.