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