Hargreaves Lansdown has accepted a private equity (PE) consortium’s £5.4bn takeover bid, with the acquisition expected to close in Q1 2025.
The group's board unanimously intends to recommend that shareholders vote in favour of the offer tendered by Harp Bidco, a newly formed company made up of private equity investors, as per a London Stock Exchange (LSE) update shared this morning (9 August). The deal is expected to see Hargreaves Lansdown shareholders receive 1,140 pence per share, comprised of a 1,100 pence cash consideration and a 30 pence 2024 full-year dividend. "While the independent HL board has been pleased with the progress made by the new management team, the independent HL board believes that the cash offer re...
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