UK investment platform Hargreaves Lansdown extends CVC-led £5.4bn takeover bid deadline to August 5.
Hargreaves Lansdown, a UK investment platform, has extended the deadline for a £5.4bn takeover bid by a private equity consortium, led by buyout giant CVC. The deadline has been pushed back to August 5, as negotiations remain ongoing. The consortium offered to purchase the company, an offer the board is prepared to recommend to its shareholders. The company reported a record high of £155.3bn in assets under administration last quarter, following a surge in new customers before the end of the tax year in April.
July 19, 2024
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