Is Liontrust a target for M&A? Stock upgraded to ‘buy’ in wake of GAM offer collapse
Peel Hunt analysts said further deals could be possible with Liontrust as ‘predator or target’
Liontrust
-
-
Liontrust’s takeover of GAM falls through after final deadline
34% of GAM shares were tendered into the offer
-
Liontrust CEO accused of spreading ‘false rumours’ which ‘border illegality’ ahead of GAM offer deadline
Investor group NewGAMe has raised a complaint to the Swiss Takeover Board
-
GAM dismisses Rock’s ‘insufficient’ alternative financing plan
Rock suggested the asset manager issue a £22m convertible bond
-
Fidelity, Invesco and Liontrust among funds awarded Fundcalibre ‘Elite’ rating
Orbis Global Balanced also among the seven new ratings
-
When and how will the infrastructure sector recover?
Rising interest rates, widening discounts and fixed income inflows have bruised assets
-
GAM cancels EGM on investor proposals after ‘vexatious’ withdrawal
The meeting was planned to give shareholders a vote on proposals made by Rock Investment
-
Hargreaves Lansdown: Money market funds attract retail investors in July
Royal London and Abrdn money market funds among the most bought
-
GAM rejects investor group’s EGM delay request
Board ‘determined’ to go forward as planned despite Liontrust offer period extension
-
GAM investor group requests EGM delay until after Liontrust offer outcome
FCA has granted approval for the proposed takeover
-
Liontrust extends GAM offer period for third time as NewGAMe reveals 100-day plan
CEO John Ions criticised the investor group’s proposal, accusing them of being ‘long on rhetoric’ but ‘short on detail’
-
NewGAMe and Bruellan call for final deadline on Liontrust’s GAM offer
The offer period was due to end on 25 July but was twice extended