Fermat distribution partner GAM enters fresh takeover talks with investor group
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Fermat distribution partner GAM enters fresh takeover talks with investor group

Liz Bury
24 August 2023
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The board of GAM Holdings has entered “constructive and productive discussions” with representatives of investor group Newgame with the focus on agreeing short-term bridge financing.

The talks come after a failed takeover bid for GAM by Liontrust Asset Management. GAM has now said it expects the Liontrust bid to be declared unsuccessful on 29 August, after seeing interim voting results on the offer.

The

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