Liontrust has extended the main offer period for GAM shareholders by an additional four Swiss trading days, it said in a regulatory filing today (28 July).
This means GAM shareholders will have until 4 August 2023 to tender their shares to Liontrust's offer. GAM pushes back against shareholder inaccuracy claims The UK asset manager had already extended the main offer period on Monday (24 July) by giving shareholders until 4pm today (28 July) to back the takeover. The second extension was given to allow Liontrust additional time to "engage in constructive discussions with GAM shareholders", it said, including investor group NewGAMe - which alongside Bruellan holds a 9.6% stake in the Swiss company and has made a counteroffer to up its ...
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