Witan Alliance merger ‘best-fit outcome’, but questions raised over WTAN’s trust holdings
Some 8% of Witan’s portfolio is invested in other trusts
M&A
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Alliance Trust joins forces with Witan in UK’s largest-ever investment trust merger
The merger is the result of Witan CEO Andrew Bell’s impending retirement
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Hipgnosis and Bidco boards move one step closer towards revised acquisition deal
Bidco initially revised its offer for SONG on 3 June
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Hargreaves Lansdown receives fresh £5.4bn approach from private equity consortium
HL board would be willing to recommend the offer to shareholders should interest be firmed up
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Tritax EuroBox: No formal offer has been received from Brookfield
Brookfield announced it is in the ‘early stages’ of assessing a cash offer
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FE FundInfo: UK small caps top May performance charts
‘The UK market finally appears to be garnering attention’
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Blackstone increases Hipgnosis offer to £1.27bn
While the bid will now be executed via a scheme of arrangement
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Cannacord Genuity strikes deal to acquire £900m Cantab Asset Management
Expected to complete in the third quarter of this year
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Foresight Sustainable Forestry receives takeover offer from Averon Park
FSF board agreed terms over the 97p per share offer, which comes at a 32.9% premium to the share price at close last night
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Capital & Regional Reit braces for bidding war
Amid takeover interest from NewRiver Reit and Vukile Property Fund Limited
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Nick Train: UK market is ‘pregnant with value and opportunity’
Finsbury Growth & Income manager says the ‘breaks are running’ against his portfolio currently
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Henderson European trusts amend merger agreement following third-party bid
Changes include a reduction in second-tier management fees and a cost contribution from Janus Henderson