GAM investors aim to scupper Liontrust takeover bid with rival offer
Offer at a 29.1% premium to the Liontrust proposal
Offer at a 29.1% premium to the Liontrust proposal
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The offer has been recommended by the Gresham board
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‘The clock is now at one minute to midnight for the future of GAM’
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Rumoured to have given prospective buyers until the end of July to table offers
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Allegedly working with Goldman Sachs on a review of the business
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GAM board calls for shareholders to accept the deal
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Following the appointment of Gabrielle Beaumont as CEO
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Assets managed by robo advisers will reach $5.9trn in four years
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Backed by 84% of votes at a general meeting held on 7 July
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Deal will see the US private credit firm renamed ‘Man Varagon’
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As it launches a members-only buyout proposition
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Deal bolsters the wealth manager’s footprint in Scotland
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