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04.05 - 07:35
GAM’s share price spikes after Liontrust confirms takeover interest
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fnlondon.comLiontrust Asset Management, the UK-listed fund management group, is eyeing a takeover of GAM — the Zurich-headquartered firm that has been trying to find a buyer for months.
GAM, which was last year fined £9.1m by the Financial Conduct Authority over its failure to manage conflicts of interest in its dealings with Greensill Capital, appointed UBS bankers in December to find a suitor.
“Liontrust...
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