GAM
A broadening market: Will the Magnificent Seven continue to motor in 2024?
Mega cap tech stocks led the way in 2023, but market performance widened in the final two months
Liontrust’s takeover of GAM falls through after final deadline
34% of GAM shares were tendered into the offer
GAM investors aim to scupper Liontrust takeover bid with rival offer
Offer at a 29.1% premium to the fund manager’s proposal
Liontrust shareholders approve GAM acquisition
Backed by 84% of votes at a general meeting held on 7 July
Liontrust agrees to buy Gam for an ‘extraordinarily cheap’ £96m
Proposed takeover will create a business with £53bn AuMA