Gartmore shares hit new low on bid talk concern

The stock ended the day 3.7% lower while the mid-cap index was up 1.42% on Tuesday, Reuters reports. Henderson put an offer on the table to acquire the beleaguered fund manager on December 16, although there was concern from some investors  the price was too low. A conditional offer of 95p per share, valuing Gartmore at £344m in total, was made. There has been no further information from either group since then.