UK's Liontrust jumps after proposed £6 million deal
30/09/2026 12:56
BUZZ-UK's Liontrust jumps after proposed £6 million deal ** Shares of British fund manager Liontrust Asset Management LIO.L up 16% at 303.5p
** Co reports proposed acquisition of fund management and model portfolio services business of Hawksmoor Fund Management and Hawksmoor Investment Services
** Proposed deal is for an initial cash consideration of £6 million ($7.97 million)
** Co expects proposed acquisition to be earnings enhancing for adjusted diluted earnings per share for financial year ending 31 March 2027 and in future years
** YTD, stock had risen ~15% this year
($1 = 0.7526 pounds)
(Reporting by Roshni Srivastava in Bengaluru)