Minority of Tavistock shareholders favour hostile takeover offer

News Team, 31/03/2021

TEAM Asset Management has secured letters of intent from 7.44 percent of shareholders in wealth manager Tavistock Investments, on which it launched a hostile takeover attempt last week.

TEAM said in a statement yesterday that six shareholders had expressed their willingness to sell, the largest of which was the Helium Rising Stars Fund, which owns 4.84 percent of ordinary shares.

“TEAM continues to engage with Tavistock shareholders and would encourage those w...

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