Liontrust 'in discussions' to buy asset manager GAM

Following press speculation today (18 April), Liontrust released a regulatory filing confirming it is in contact with the Swiss asset manager over the proposed acquisition of its entire share capital. Liontrust's intention would be to combine GAM's investment management business with its own, the company added. "Liontrust confirms it has made an approach to the board of GAM," it said. "There can be no certainty that this will lead to a formal offer in respect of the proposed acquisition, nor as to the timing or terms of any such offer and there can be no assurance that, even if agr...