Hargreaves Lansdown (HL) has once again pushed back the deadline for a potential £5.4bn takeover bid to be made by a private equity consortium.
This is the second extension HL have requested regarding this bid, with the board asking the UK takeover panel to push back the deadline by which the private equity pool, led by CVC Capital Partners, is required to announce a firm intention to make an offer for the UK's largest investment platform. The revised deadline is now set for 5 August 2024. CVC Capital Partners and the other bidders made the current offer for HL in June, after the platform rejected the initial £4.6bn bid put forward a month prior. In a statement today (19 July), HL said the announcement was made "without t...
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