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’
CEO John Ions criticised the investor group’s proposal, accusing them of being ‘long on rhetoric’ but ‘short on detail’
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The deal is due to take place on 21 September
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The offer period was due to end on 25 July but was twice extended
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Shareholders have until 4 August to weigh up the proposed takeover
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The asset manager has also written to the Swiss Takeover Board
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NewGAMe had urged shareholders to hold off on supporting the takeover
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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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