Reported 5 months ago
Peter Hargreaves, the largest shareholder in UK retail investment platform Hargreaves Lansdown, is considering taking the company private and has discussed this with investors. Hargreaves rejected a 4.67 billion pound takeover bid from a consortium led by CVC Advisers and the Abu Dhabi Investment Authority, stating it undervalued the company. Hargreaves, who holds a 19.8% stake, prefers a higher price for a potential buyout. The company's shares rose following news of the bid, amid increased M&A activity in the UK. Despite facing challenges, Hargreaves Lansdown reported strong first-quarter results recently.
Source: YAHOO