Charter IT takeover bid

Professional Adviser
clock

Henderson eurotrust makes unsolicited bid for charter european trust with merger plans

Henderson Global Investors has made an unsolicited approach to the board of the Charter European Trust proposing to merge the trust with Henderson Eurotrust and replace Dresdner RCM as the manager. On behalf of 29.2% of Charter's shareholders, Henderson has requisitioned an EGM of the trust to vote on the removal of members of the current board and to replace them with Preston Rabi, Tim Sinclair and George Kershaw. If this proposal is approved, the new board intends to merge the £59.3m Henderson Eurotrust, a split capital trust with ordinary shares and zeros, with the £432.2m Charter Eu...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on uncategorised

Building Society-owned Newcastle Financial Advisers acquires Openwork firm

First of a number of acquisitions

Hannah Godfrey
clock 09 December 2019 • 1 min read

Bond managers fear hedges being undermined as liquidity dries up

The recent sell off in the bond market and growing liquidity issues have forced bond investors to use similar hedging techniques, undermining their effectiveness and causing concerns about how much downside protection funds really have.

Anna Fedorova
clock 03 July 2013 •

Police launch investigation into mortgage middleman fined £1m

West Midlands Police have launched a fraud investigation into a Birmingham financier over his role in sale and rent back agreements.

clock 25 June 2013 •