The news that London-listed Liontrust Asset Management is in talks with Zurich-listed GAM Holding about a possible merger does not necessarily mean that the two firms will combine. The terms and conditions of a possible merger have yet to be determined.
Moreover, as GAM confirmed in a press release issued on April 18, Liontrust is just one firm with whom it is holding discussions.
Nonetheless, it seems very likely that GAM’s days as an independent entity are number...
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