Liontrust Asset Management has extended the main offer period for its proposed takeover of GAM for the third time, pushing the deadline back to 23 August at 4pm.
The original deadline was set for 25 July, but it was extended to today (4 August) before being pushed back again. In a statement, Liontrust said the extension offered GAM shareholders the "maximum time allowed" to assess the proposed buyout and rival bid from GAM shareholders NewGAMe. GAM hits back at shareholders 'conflict of interest' suggestions NewGAMe has repeatedly protested the current offer laid out by Liontrust, urging fellow GAM shareholders to not accept the deal and submitting its own partial cash tender counteroffer in the process. In a statement today, GAM said th...
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