GAM has pushed back against claims from a group of shareholders that it provided incorrect information about its takeover by Liontrust.
Yesterday (25 July), investor group NewGAMe and Bruellan, which holds a 9.6% stake in GAM, accused the Swiss asset manager of "spreading misleading information" about the terms of Liontrust's takeover offer. Investor group accuses GAM of spreading 'misleading information' about counteroffer On Monday, Liontrust removed the condition requiring GAM to sell its fund management services business from its acquisition offer, conditions the shareholders claimed the latter failed to disclose. The group took its concerns to regulators and called for the Swiss Takeover Board (STB) to interve...
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
