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Hargreaves Lansdown takeover bid ‘too low’, former research boss Mark Dampier says

Dampier predicts more offers will come in for the fund supermarket as ‘UK Plc is cheap’

By Kristen McGachey
The UK’s largest DIY investment platform is the latest City heavyweight to attract a multi-billion pound take-private deal
The UK’s largest DIY investment platform is the latest City heavyweight to attract a multi-billion pound take-private deal Photo: Pavlo Gonchar/Getty Images

Hargreaves Lansdown was right to shoot down a private equity takeover bid because it undervalued the fund supermarket, according to a former director.

Mark Dampier, the investment platform’s former research director, told Financial News that he anticipates seeing more bids for Hargreaves Lansdown as “UK Plc is cheap”.

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