Hargreaves Lansdown has agreed to a takeover offer worth £5.44bn from a consortium including buyout giant CVC Capital Partners and the Abu Dhabi wealth fund.
Under the terms of the 1,140p-per-share offer, investors in the Bristol-based investment platform will get 1,110p per share in cash plus a dividend of 30p per share as part of the deal.
The group of bidders includes buyout giant CVC, Nordic Capital, and Platinum Ivy, a wholly-owned subsidiary of the Abu Dhabi Investment Authority (ADIA). The consortium is owned in equal parts by the three firms. In a stock market update, the consortium said the deal is set to complete in the first quarter of 2025 if shareholders approve the terms.
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Carse justifies England faith as the archetypal bold pick
If you won a boxing match after your opponent continually punched themselves in the face, how much credit can you take?
Tenacious Diallo the key to Amorim pressing machine
Old Trafford has not seen anything like this before.
Gold King Cole packs the Bridge with merry old souls
In the 83rd minute, the ball rolled to the feet of Cole Palmer in a bubble of space outside Aston Villa's box, and the crowd snapped to attention.
Vibrant Anfield marks the changing of the Guardiola
There was a lull in the noise, a break in the Anfield atmosphere, when a defiant chant emerged from a corner near Stefan Ortega’s goal.
What is so daunting about Spain's new data checks?
Q You have written about the new “red tape” for visitors to Spain. So, as well as your usual passport details you will give a contact number, address and email. Not exactly the Spanish Inquisition, is it?
Sectarian clashes claim at least 130 lives in Pakistan
At least 130 people were killed in deadly sectarian clashes in Pakistan's northwestern Kurram district in spite of a tentative ceasefire, days after gunmen opened fire on a convoy of vehicles carrying Shia Muslims, local officials said.
Coalition government likely in Ireland as count proceeds
Fianna Fail say decisions on power-sharing for another day’
How Syria's forgotten war is back on the world's agenda
Many believed the country was lost in an unsolvable conflict, until everything changed in a matter of days, writes Bel Trew
Assad regime scrambles to halt Syrian rebels’ advance
Civilians reportedly killed by Russian and Syrian airstrikes
Mother of poisoning victim says she knew she would die
Lawyer Simone White succumbed to the effects of methanol while backpacking in Laos with two of her childhood friends
