GAM enters into discussions with investor group for bridge loan

Gam Holding AG

24/08/2023 06:37

ZURICH, Aug 24 (Reuters) - Gam Holding  GAMH.S  said on
Thursday it had entered into discussions with a shareholder
group that had opposed its takeover offer by Britain's Liontrust
after the Liontrust approach failed to meet the threshold of
support by two-thirds of shareholders. 
    "GAM Holding AG Board of Directors notes the interim results
of the Liontrust Asset Management plc tender offer and the
expectation that they will declare it unsuccessful on 29 August
2023," GAM said in a statement.
    "The GAM Board has entered into constructive and productive
discussions with representatives of the investor group 'Newgame'
... focused on agreeing short term bridge financing," it added.

 (Reporting by Brenna Hughes Neghaiwi, Editing by Friederike
Heine)
 ((brenna.neghaiwi@thomsonreuters.com; +41 58 306 77 35;))