Previous Close | 0.2800 |
Open | 0.2610 |
Bid | 0.0000 x 0 |
Ask | 0.0000 x 0 |
Day's Range | 0.2535 - 0.2800 |
52 Week Range | 0.2400 - 0.9370 |
Volume | |
Avg. Volume | 88,632 |
Market Cap | 41.433M |
Beta (5Y Monthly) | 1.57 |
PE Ratio (TTM) | N/A |
EPS (TTM) | N/A |
Earnings Date | N/A |
Forward Dividend & Yield | N/A (N/A) |
Ex-Dividend Date | Apr 30, 2018 |
1y Target Est | N/A |
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British asset manager Liontrust Asset Management plc has conditionally agreed to acquire GAM Holding AG in a deal that values the Swiss asset manager at CHF 107 million ($121.3 million), the companies said on Thursday. The transaction, which is expected to complete in the final quarter, will create a global asset manager with 53 billion pounds ($66.7 billion) in assets under management and advice. Liontrust will offer 0.0589 ordinary shares of Liontrust for one GAM share, Liontrust said.
Swiss lender Zuercher Kantonalbank, known locally as ZKB, has held takeover talks with GAM Holding AG, the Financial Times reported on Saturday, citing people familiar with the matter. ZKB is one of several companies considering a purchase of Zurich-headquartered asset manager GAM, the newspaper said. London-listed Liontrust Asset Management said earlier this week it was discussing a potential merger of its investment management unit with GAM.
ZKB is one of several companies considering a purchase of Zurich-headquartered asset manager GAM, the newspaper said. London-listed Liontrust Asset Management said earlier this week it was discussing a potential merger of its investment management unit with GAM. In an emailed statement, ZKB declined to comment on whether takeover talks had taken place with GAM, but said the company was "constantly examining opportunities within its business development strategy".