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28.07 - 06:50
Liontrust pushes back GAM offer deadline as it fights to finish takeover
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fnlondon.comLiontrust has given shareholders an extra three days to accept its takeover offer for GAM as it looks to force through a deal against continued opposition from some vocal critics.
The UK manager tabled a £96m bid for its Swiss peer back in May. However, a shareholder group known as NewGAMe has urged others not to accept the deal, announcing on 18 July an offer to buy part of the business itself.
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