Takeover, tender and hitting target prices

Simon Thompson

Simon Thompson

The majority of shareholders in Aim-traded financial services group Lighthouse (LGT:33p) have voted in favour of the scheme of arrangement to approve the recommended takeover by Quilter (QLT:155p), the wealth management group formerly known as Old Mutual Wealth Management. The shares will be suspended from trading on Wednesday, 12 June 2019 and the 33p-a-share cash consideration will be settled no later than Wednesday, 26 June 2019.

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