GAM rejects investors' request for EGM delay

Gam Holding AG

09/08/2023 08:10

BERLIN, Aug 9 (Reuters) - GAM Holding  GAMH.S  has
decided against a request by some investors to delay the Swiss
asset manager's upcoming extraordinary general meeting, which
the company said will be held on Aug. 18 as planned.
    GAM said in a statement that its board continues to strongly
recommend the takeover offer from British rival Liontrust
 LIO.LO .
    The investors, led by French billionaire Xavier Niel, had
called for the EGM to be delayed until after the offer period
runs out on Aug. 23.

 (Writing by Rachel More, Editing by Friederike Heine)
 ((rachel.more@thomsonreuters.com;))