Hargreaves Lansdown rejects £5bn takeover offer from foreign investor consortium.
Hargreaves Lansdown, Britain's largest investment platform, has rejected a £5bn takeover offer from a consortium of foreign investors, including CVC Capital Partners and Abu Dhabi Investment Authority's subsidiary Platinum Ivy. The consortium offered 985p per share, which the company's board unanimously rejected, stating it "substantially undervalues Hargreaves Lansdown and its future prospects." The consortium is still considering a possible offer for the firm.
May 22, 2024
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