GAM cancels EGM on investor proposals after ‘vexatious’ withdrawal
The meeting was planned to give shareholders a vote on proposals made by Rock Investment
The meeting was planned to give shareholders a vote on proposals made by Rock Investment
CEO John Ions criticised the investor group’s proposal, accusing them of being ‘long on rhetoric’ but ‘short on detail’
The offer period was due to end on 25 July but was twice extended
NewGAMe had urged shareholders to hold off on supporting the takeover
Offer at a 29.1% premium to the Liontrust proposal
The offer has been recommended by the Gresham board
‘The clock is now at one minute to midnight for the future of GAM’
GAM board calls for shareholders to accept the deal
Investment firm criticised the trust’s board for a lack of engagement in due diligence process
Apollo Private Wealth snaps-up fellow SJP partner Debra Wait Wealth Management
A takeover bid for the John Laing Infrastructure investment trust is set to reduce choice for investors in the closed-ended subsector.
British American Tobacco (BAT) has made an unsolicited $47bn (£38.5bn) offer for full control of Reynolds American in a deal that would create the world’s largest tobacco company by sales.