Gresham House shares rise 56% after Searchlight Capital offer
17/07/2023 08:01
MILAN, July 17 (Reuters) - Shares in Gresham House
GHE.L rallied 56% on Monday after Searchlight Capital Partners
agreed to buy the British asset manager for 469.8 million pounds
($614.9 million) in cash.
By 0706 GMT, Gresham House shares were trading at as much as
1,065.99 pence, a record high, but below the 1,105 pence offered
by the U.S.-based investment firm. If the deal goes ahead,
Gresham House would be taken private by delisting from the AIM
exchange.
(Reporting by Danilo Masoni; Editing by Amanda Cooper)
((Danilo.Masoni@TR.com; +39-02-66129734; Reuters Messaging:
danilo.masoni.thomsonreuters.com@reuters.net; On Twitter https://twitter.com/damasoni))