Liontrust Asset Management shares have climbed 14.08% today after the firm announced it is subject to an early takeover approach.
In a statement to the stock exchange this afternoon, Liontrust says the approach “may or may not” lead to an offer for the company.
“Discussions are at a very early stage and there can be no certainty that an offer will be made or as to the terms on which any offer might be made,” the statement reads.
Liontrust shares are up to 320p this afternoon, although this figure is well down on its 52-week high of 442.75p recorded back in July 2007.
Founded in 1994, the independent investment management company is part owned by its management team.
Hawkpoint Partners has been appointed to advise the firm on any potential offer.IFAonline
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