Hargreaves Lansdown rejects $5.94b takeover bid led by CVC Advisers, ADIA

Hargreaves Lansdown rejects $5.94b takeover bid led by CVC Advisers, ADIA

Photo: REUTERS/Beawiharta

Hargreaves Lansdown has rejected a 4.67 billion pound ($5.94 billion) takeover proposal from a consortium led by CVC Advisers and the Abu Dhabi Investment Authority (ADIA), after the board of the investment platform said it “substantially” undervalued its prospects.