Close Brothers rejects takeover bid

clock

Close Brothers has rejected a takeover approach from Cenkos Securities. The Board of Close Brothe...

Close Brothers has rejected a takeover approach from Cenkos Securities. The Board of Close Brothers confirmed it received an approach from a consortium of Cenkos Securities and Landsbanki at of 950 pence per share, on 7 November. However, it rejected the offer, saying it was wholly inadequate.

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

Trustpilot