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Liontrust says GAM offer is final as activist group urges shareholders to hold out
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Liontrust, the UK-based asset manager that has tabled a bid for GAM, has said its offer for the Swiss fund house is “full and final” and will not be increased.
It comes after the activist investor group trying to thwart Liontrust's takeover issued another open letter to shareholders, urging them to delay tendering their shares “until as late as possible” in an attempt to achieve a better deal.
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