18.06.2024 16:05:02 - dpa-AFX: Hargreaves Lansdown Receives Revised Takeover Proposal From CVC-led Consortium, Stock Up
LONDON (dpa-AFX) - Hargreaves Lansdown plc. (HRGLF.PK, HL.L), Tuesday
announced that it has received a new non-binding takeover proposal from CVC
Advisers Ltd.-led consortium to acquire the company for 1,140 per share in cash,
including a final dividend of 30 pence a share for the fiscal year 2024.
The retail investment platform said that it would recommend the proposal to its
shareholders if a formal offer would be made by the consortium, comprising of
Nordic Capital and Platinum Ivy, a subsidiary of Abu Dhabi Investment Authority.
The proposal also includes a rollover equity alternative, allowing shareholders
to re-invest up to 35 percent of their shareholding in the unlisted consortium
acquisition vehicle.
Currently, Hargreaves's stock is moving up 4.94 percent, to 1,126.62 pence over
the previous close of 1,073.50 pence on the London Stock Exchange.
Copyright(c) 2024 RTTNews.com. All Rights Reserved
Copyright RTT News/dpa-AFX