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.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter