Liontrust's failed attempt to buy GAM has raised questions over the credibility of its management team, as analysts are split over whether it can fully recover from the unsuccessful bid.
Liontrust's offer received the support of only 33.45% of GAM shareholders, just over half of the required 66.6%. Fairview Investing director Ben Yearsley described the failed deal as "a bit embarrassing for Liontrust...
To continue reading this article...
Join Professional Adviser for free
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes