Lighthouse shareholders vote to go ahead with Quilter deal

3,900 advisers to join Quilter

Hannah Godfrey
clock
"Following completion, we will look to combine the expertise of both businesses to deliver trusted financial advice” - Quilter's Andy Thompson
Image:

"Following completion, we will look to combine the expertise of both businesses to deliver trusted financial advice” - Quilter's Andy Thompson

Lighthouse Group shareholders have voted to move forward with Quilter's £42.2m offer to buy the firm, notwithstanding previous suggestions there could be price refinements on the deal or an 11th-hour bid from a competitor.

More than 85% of shareholders voted in favour of the deal, comfortably passing the minimum 75% threshold required for the sale to go ahead. The deal will see life company and advice giant Quilte...

To continue reading this article...

Join Professional Adviser

 

  • 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 Your profession

David Lawrence: "We have a single-minded focus on both financial advice/planning and investment management activity, relying on leading market external expertise for other aspects of the client value-chain."

Kingswood hits £6.8bn AUA in 2021

Increase of 15%

clock 30 June 2022 • 3 min read
Sustainable Investment Festival 2022: Less than two weeks to go!

Sustainable Investment Festival 2022: Less than two weeks to go!

In-person event takes place 11-12 July

Beth Brearley
clock 29 June 2022 • 2 min read
Progeny eyes international expansion with latest acquisition

Progeny acquires international advice business The Fry Group

The Fry Group

Jenna Brown
clock 28 June 2022 • 2 min read