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Top related persons:
Arnd - 2 Liontrust - 2 NewGAMe - 1 Xavier Niel's NewGAMe - 1 Kanjyik Ghosh - 1 Maju Samuel - 1 Xavier Niel's - 1 Britain's Liontrust - 1
Top related locs:
Zurich Switzerland Bengaluru British Liontrust
Top related orgs:
REUTERS - 2 GAM - 2 Thomson - 2 NewGAMe SA - 1 Bruellan SA - 1 Swiss - 1 Rock Investment - 1 Swiss Financial Market Supervisory Authority - 1

Search resuls for: "Niel's NewGAMe"


2 mentions found


☆ Swiss takeover board rules NewGAMe's partial offer for GAM shares complies with rules
  + stars: | 2023-09-01 | by ( ) www.reuters.com   time to read: +1 min
REUTERS/Arnd Wiegmann/File Photo Acquire Licensing RightsAug 31 (Reuters) - Switzerland's takeover board has ruled that a partial offer for up to 28 million shares of GAM Holding (GAMH.S) by an investor group comprising NewGAMe SA and Bruellan SA is in line with Swiss takeover rules, NewGAMe said on Thursday. The arrangement would be also that the investor group would propose new GAM board members at the upcoming extraordinary general meeting (EGM), where the fund manager's current board is expected to stand down. The regulator on Thursday also challenged the validity of the condition making NewGAME's offer conditional to Rock's candidates being elected to GAM's board, NewGAMe said. Last week, a takeover offer from Liontrust won the backing of just 33.64% of GAM's shareholders. ($1 = 0.8830 Swiss francs)Reporting by Kanjyik Ghosh in Bengaluru; Editing by Maju SamuelOur Standards: The Thomson Reuters Trust Principles.
Persons: Arnd, NewGAMe, Xavier Niel's NewGAMe, Liontrust, Kanjyik Ghosh, Maju Samuel Organizations: REUTERS, GAM, NewGAMe SA, Bruellan SA, Swiss, Rock Investment, Swiss Financial Market Supervisory Authority, Thomson Locations: Zurich, Switzerland, Bengaluru
☆ GAM in talks with Niel's NewGAMe after Liontrust offer falters
  + stars: | 2023-08-24 | by ( Brenna Hughes Neghaiwi Noele Illien | Brenna Hughes Neghaiwi | Noele Illien | ) www.reuters.com   time to read: +3 min
REUTERS/Arnd Wiegmann/File Photo Acquire Licensing RightsZURICH, Aug 24 (Reuters) - GAM (GAMH.S) has entered into discussions with French billionaire Xavier Niel's NewGAMe shareholder group after a takeover offer from Britain's Liontrust failed to gain the required level of support. "The GAM Board acknowledges that the majority of our shareholders have not found the Liontrust Offer compelling. GAM shares fell 5.08% shortly after market open, whereas Liontrust recorded a 10.37% gain. Liontrust had made its offer conditional on winning the backing of two-thirds of GAM's shareholders in a prospectus it published in June. The investor group, led by Niel's NewGAMe and asset manager Bruellan, have vehemently opposed the all-share offer, saying in July that it "grossly undervalues GAM".
Persons: Arnd, Xavier Niel's, Britain's Liontrust, Liontrust, GAM's, David Jacob, Niel's NewGAMe, Bruellan, Brenna Hughes, Friederike Heine, Jason Neely, Christina Fincher Organizations: REUTERS, Rights, GAM, Thomson Locations: Zurich, Switzerland, British, Liontrust
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