Charter rollover shares to go on offer next month

An offering of shares in the rollover vehicle for the £412m Charter European Trust will be made available to new investors in late April. Shareholders in the current trust have been given the option either to take cash or roll over into a new pan-European investment trust under a plan issued last week by the board of the Charter European. The creation of a new trust and the offer of a cash exit were forced on Dresdner RCM, manager of the trust, following the vote on 1 March, which put an end to a hostile bid by Hendersons to take over the trust and merge it with the Henderson Eurotrust....