GAM board steps down as NewGAMe announces CEO candidate
After the investor group agrees to provide £18m short-term financing to GAM
After the investor group agrees to provide £18m short-term financing to GAM
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Liontrust’s protracted attempt to acquire GAM came to an unsuccessful conclusion last week
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Peel Hunt analysts said further deals could be possible with Liontrust as ‘predator or target’
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34% of GAM shares were tendered into the offer
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Investor group NewGAMe has raised a complaint to the Swiss Takeover Board
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Rock suggested the asset manager issue a £22m convertible bond
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The meeting was planned to give shareholders a vote on proposals made by Rock Investment
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Board ‘determined’ to go forward as planned despite Liontrust offer period extension
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FCA has granted approval for the proposed takeover
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CEO John Ions criticised the investor group’s proposal, accusing them of being ‘long on rhetoric’ but ‘short on detail’
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Swetha Ramachandran will co-manage the Artemis Global Select fund
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The offer period was due to end on 25 July but was twice extended
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