Blog: What is Gartmore's real price tag?

Gartmore may only be worth between 50p and 75p a share according to some investment banks, less than half the price Henderson initially offered, meaning a deal between the two groups seems even more unlikely. Henderson’s initial conditional offer was widely reported to be 90p a share, although the group refuses to confirm this. This would value Gartmore at £344m, however, a number of leading asset management companies looking at the business have been told this price is unrealistic. Each of the potential buyers has received advice from independent investment banks which value Gartmore...