Progeny acquires IFA firm
Adding £600m of assets under management
mergers
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Gresham House takeover gets green light from FCA
The £11.05 per share offer values Gresham House at £469.8m
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Henderson Diversified Income and High Income trusts to merge in a bid to narrow discounts
Shareholders will vote on the plan in January 2024
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GCP trust merger scrapped after shareholders raise concerns
The plan was for GABI to be wound up and its assets transferred to GCP Infra
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Liontrust demands £8.9m repayment from GAM
Liontrust’s protracted attempt to acquire GAM came to an unsuccessful conclusion last week
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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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Have larger mid-cap trusts found themselves in ‘the danger zone’?
Consolidation and short-sellers of the FTSE 250 index have created a ‘perfect storm’
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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
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Abrdn set to fold Smaller Companies Income trust into Shires Income
The trust’s board received proposals from more than a dozen candidates
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GAM refutes claims it misled investors over NewGAMe offer
The asset manager has also written to the Swiss Takeover Board
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Abrdn set to fold New Dawn trust into Asia Dragon
Circular to shareholders expected to be published in September