Intrinsic's Lighthouse acquisition gains FCA approval

In April, the boards of Quilter, Intrinsic and Lighthouse announced they had reached an agreement on the terms of a recommended cash offer to be made by Intrinsic for Lighthouse, with the acquisition being implemented via a scheme of arrangement, which was approved earlier this month. On Friday afternoon (24 May) Lighthouse and Intrinsic confirmed the FCA had given notice in writing that it had determined to approve the acquisition and that the condition related to such approval had therefore been satisfied. "Completion of the deal remains subject to the satisfaction or, if applicable, w...