Liontrust to pay £51.4m less for Majedie as deal set to complete

Kathleen Gallagher
clock • 1 min read

Liontrust Asset Management will pay £51.4m less than the maximum price proposed for the purchase of Majedie Asset Management as the former's share price has fallen since the announcement, when the deal completes on 1 April, a stock exchange announcement has revealed.  At the time of the deal's announcement, the companies said the deal would be worth up to £120m, satisfied by the issue of up to £97m in new ordinary shares and up to £23m in cash to the shareholders of Majedie. Today (29 March), Liontrust said it would issue 3.7m new shares of 1p each to shareholders of Majedie. With Lio...

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