Announced
Financials
Tags
investment advisor
Public
Asset Managers and Custodians
Pending
United Kingdom
Single Bidder
Hostile
Acquisition
Majority
Domestic
Synopsis
TEAM, an independent asset investment manager, offered to acquire Tavistock Investments, an investment advice company, for £15.2m. Tavistock's board rejected the offer, claiming it undervalued the firm. In a statement, TEAM said it now “seeking to engage with Tavistock shareholders to discuss the merits of a possible offer to acquire the entire issued and to be issued ordinary share capital of Tavistock at an exchange ratio of one TEAM share for every 36 Tavistock shares”.
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