Charter hits back in battle for trust

Professional Adviser
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The board of the Charter European [investment] Trust has hit back against the takeover proposals put ...

The board of the Charter European [investment] Trust has hit back against the takeover proposals put forward by Henderson in what is becoming a very closely watched battle of asset managers. John Youngman, a director of the trust, says the board's own proposal is superior in several ways. "Henderson's proposals offer less cash to our shareholders and potentially force them into a vehicle with a materially different investment policy to Charter. Furthermore, the approach led by Henderson has generated unnecessary costs for Charter." The main difference between the two offers to...

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