Liontrust’s takeover of GAM falls through after final deadline
34% of GAM shares were tendered into the offer
34% of GAM shares were tendered into the offer
The deal is due to take place on 21 September
In a letter to the Swiss asset manager’s board
Deal takes acquirer’s AUM to £9.4bn
NewGAMe and Bruellan formally challenged Liontrust’s proposed takeover last week
As it receives funding from bank to finance its growth plans
Deal boosts assets under management to around £5bn
Investment firm criticised the trust’s board for a lack of engagement in due diligence process
NewGAMe SA and Bruellan have formally challenged the Swiss Takeover Board’s decision
Spence & Spence is the firm’s 62nd acquisition since 2014
As the wealth manager sets out its post-deal operation model
The proposed takeover will create a business with £53bn AUMA