Brief: GAM Says It Rejected Offer From Taure AG On 3 May 2023 Because It Materially Undervalued Firm

Gam Holding AG

19/05/2023 20:25

May 19 (Reuters) - GAM Holding AG  GAMH.S :
    * GAM - CONFIRMS IT REJECTED OFFER FROM TAURE AG ON 3 MAY
2023
BECAUSE IT MATERIALLY UNDERVALUED FIRM
    * GAM - BOARD REITERATES ITS STRONG VIEW THAT THE OFFER FROM
LIONTRUST ASSET  MANAGEMENT PLC DELIVERS SUPERIOR VALUE TO
SHAREHOLDERS
    * GAM- OFFER FROM TAURE AG WAS NOT EXECUTABLE,  REPRESENTED
SIGNIFICANT DILUTION TO EXISTING SHAREHOLDERS
    * GAM -  BOARD STRONGLY RECOMMENDS THE LIONTRUST OFFER TO
SHAREHOLDERS

Source text for Eikon:  ID: 
Further company coverage:  GAMH.S 

 ((Reuters.Briefs@thomsonreuters.com;))