03 April 2019
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"Quilter's bid for Lighthouse does not adequately value what is a unique and strongly growing business" - Cavendish AM's Paul Mumford
Lighthouse shareholder Cavendish Asset Management expects other suitors to arrive at the eleventh hour as it waits to see if Quilter's offer of £42m for the firm is topped.
The asset manager argued Quilter's bid for the 400 adviser-strong firm, which was announced earlier today, was low "for a business with blue-chip clients and good growth potential". It went on to suggest...
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