Jersey fund drops hostile takeover bid of UK wealth manager
It ‘believes that other growth and acquisition opportunities are more compelling at this time’
Tavistock
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40% of Tavistock shareholders reject Jersey fund M&A bid
Board does not see any ‘commercial logic to justify a combination of the two businesses’
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Tavistock slams Jersey fund M&A bid as ‘unwelcome distraction’
It believes that the offer is ‘significantly below the value of the company’s assets’
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More Tavistock shareholders back Jersey fund M&A bid
Days after six of them sent letters of intent to support the offer
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Jersey fund persists in its bid to acquire Tavistock Investments
The wealth firm previously rejected an offer which it said ‘undervalued’ the business
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UK wealth manager hits back after £15.2m bid refused
Approach letter was ‘unsolicited’ and ‘non-binding’ and proposal ‘significantly undervalued’ the firm
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UK wealth manager rejects £15.2m bid
Would-be acquirer believes shareholders ‘deserve the opportunity to decide on the merits of any offer’
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UK wealth manager expands partnership with Canada Life
To offer the insurer’s retirement account as a core pension solution to clients
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UK wealth manager to launch ‘low-cost’ platform
As CEO says the firm wants to ‘get back into the business of acquiring’ advisory companies
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20 fraud victims demand compensation from wealth firm
Rogue adviser stole £4.5m to spend on prostitutes, gambling and luxury holidays
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Wealth firm sets aside £2.1m to pay for rogue adviser fraud
Several victims already approached the company with claims after losing £4.5m
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How to help clients near retirement as covid-19 spreads
If advisers haven’t reduced exposure to risk and volatility then the ‘horse has bolted’