Asset Management

Liontrust pushes back GAM offer deadline as it fights to finish takeover

Liontrust waives segment of the original deal as part of last push to get takeover over the line

Shareholders will have another three days to consider the 'full and final' offer
Shareholders will have another three days to consider the 'full and final' offer Photo: Getty Images

Liontrust 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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