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’
M&A
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Liontrust’s takeover of GAM falls through after final deadline
34% of GAM shares were tendered into the offer
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GAM dismisses Rock’s ‘insufficient’ alternative financing plan
Rock suggested the asset manager issue a £22m convertible bond
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AssetCo granted FCA approval for Ocean Dial acquisition
Deal for the £145.7m India Capital Growth Fund manager still requires consent from Indian regulators
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Retail investors to challenge Credit Suisse-UBS merger
‘Takeover of the second largest Swiss bank had the character of horse trading’
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GAM cancels EGM on investor proposals after ‘vexatious’ withdrawal
The meeting was planned to give shareholders a vote on proposals made by Rock Investment
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LondonMetric Property finalises £198.6m CT Property Trust acquisition
FTSE 250 Reit’s portfolio value rises to £3.2bn
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GAM investor group requests EGM delay until after Liontrust offer outcome
FCA has granted approval for the proposed takeover
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Progeny buys Nottingham-based wealth manager
Purchase brings Progeny’s AUM to £8bn
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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’
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Rathbones and Investec W&I given the go-ahead for all-share merger
The deal is due to take place on 21 September
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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