Liontrust offer attracts fewer GAM shareholders than aimed for

Gam Holding AG

24/08/2023 06:29

ZURICH, Aug 24 (Reuters) - British asset manager
Liontrust  LIO.L  convinced 33.6% of GAM  GAMH.S  shareholders
to accept its purchase offer for the troubled Swiss fund
manager, GAM said on Thursday. 
    Liontrust had made its offer to takeover GAM conditional to
its offer being accepted by two-thirds of shareholders,
according to a prospectus published in June. 

 (Reporting by Noele Illien; Editing by Tom Hogue)
 ((Noele.Illien@thomsonreuters.com; +41 41 528 39 73;))