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GAM’s largest shareholder backs Liontrust takeover

London-based investor Silchester has thrown its support behind Liontrust's £96m acquisition of GAM

'We are convinced that the Liontrust offer provides the certainty of a path forward for all GAM stakeholders'
'We are convinced that the Liontrust offer provides the certainty of a path forward for all GAM stakeholders' Photo: Getty Images

GAM's largest shareholder has thrown its support behind Liontrust's takeover of the Swiss asset manager.

The Zurich-based firm said on 13 July that UK-based Silchester International would tender its shares — representing around 17.3% of GAM's share capital — into the Liontrust offer.

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