Investor group NewGAMe and Bruellan, which holds a 9.2% stake in GAM, has continued its campaign against the group’s buyout by Liontrust, calling for an extraordinary general meeting to be held to remove the former’s board.
NewGAMe and Bruellan have persistently pushed back on GAM's takeover by Liontrust, which was announced back on 4 May. Investors have until 11 August to accept the deal, but this cohort of shareholders have constantly protested that the deal was not in GAM's best interests. GAM shareholders take fresh concerns over Liontrust takeover to Swiss authorities Last month, they wrote to the Swiss Takeover Board over concerns about the timetable of the takeover. This time, the group has called for an EGM of shareholders "to revoke GAM's incumbent board and elect a new one with a clear pl...
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