GAM has urged investors to accept the proposed takeover bid from Liontrust, arguing that the deal is necessary for the stability of the business.
In an investor presentation yesterday (11 July) seen by Investment Week, GAM emphasised its reliance on a conditional loan from Liontrust to continue running the business, as well as the restructuring necessary to return it to profitability. Following the approval from Liontrust shareholders at the firm's annual general meeting last week (7 July), GAM has continued to urge its investors into accepting the deal, despite pushback from shareholders. Liontrust publishes delayed GAM prospectus offer Investor group NewGAMe and Bruellan, which holds an 9.5% stake in GAM, has consisten...
To continue reading this article...
Join Investment Week for free
Signup and gain exclusive members-only insights - all free of charge!
- 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
