GAMZ Short
GAM Holding AG announced that they will report Q3, 2023 results on Oct 19, 2023
Return vs Industry: GAM underperformed the Swiss Capital Markets industry which returned -13.5% over the past year.
Return vs Market: GAM underperformed the Swiss Market which returned 0.9% over the past year.
Liontrust Asset Management PLC (LSE:LIO) agreed to acquire GAM Holding AG (SWX:GAM) for approximately CHF110 million.
The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.
Stable Share Price: GAM is more volatile than 90% of Swiss stocks over the past 3 months, typically moving +/- 14% a week.
Volatility Over Time: GAM's weekly volatility (14%) has been stable over the past year, but is still higher than 75% of Swiss stocks.
(Source simplyallstreet)
Liontrust Asset Management PLC (LSE:LIO) agreed to acquire GAM Holding AG (SWX:GAM) for approximately CHF110 million on May 4, 2023. The Consideration will be satisfied by the issue of 9.4 million new ordinary shares in Liontrust. Liontrust Asset Management has agreed to acquire GAM for consideration, valuing each GAM Share at CHF 0.6723.
It is expected that Liontrust will offer 0.0589 Liontrust Shares for one (1) GAM Share (the "Exchange Ratio"). It is expected that GAM shareholders will own approximately 12.6 percent. of the combined group on the completion of the deal. The transaction is subject to minimum tender and approval by acquirer shareholders.
The transaction has been approved by the Swiss Takeover Board (TOB). The Proposed Acquisition is expected to complete in the 4th quarter of 2023. As of May 10, 2023, NewGAMe SA and Bruellan, which controls approximately 8.4% of the issued share capital of GAM Holding AG, has formally challenged the decision of the Swiss Takeover Board regarding Liontrust Asset Management PLC's announced exchange offer for GAM. As of June 9, 2023, Liontrust Asset Management PLc expects to publish both the Circular and Offer Prospectus on or around June 13, 2023
Alantra Corporate Finance LLP is acting as Lead Financial Adviser to the GAM Holding AG in connection with the Proposed Acquisition. Singer Capital MarketsAdvisory LLP is acting as Sole Sponsor, Financial Adviser and Sole Broker to the GAM Holding AG in connection with the Proposed Acquisition. Deloitte LLP is acting as Reporting Accountant and Dentons UK and Middle East LLP as Legal Adviser to the GAM Holding AG in connection with the Proposed Acquisition. JPMorgan Chase & Co. acted as financial advisor for GAM Holding AG.
Claude Lambert, Lorenzo Togni, Stefan Kramer, Richard Stäuber and Micha Fankhauser of Homburger AG acted as legal advisor to GAM Holding AG.
Return vs Industry: GAM underperformed the Swiss Capital Markets industry which returned -13.5% over the past year.
Return vs Market: GAM underperformed the Swiss Market which returned 0.9% over the past year.
Liontrust Asset Management PLC (LSE:LIO) agreed to acquire GAM Holding AG (SWX:GAM) for approximately CHF110 million.
The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.
Stable Share Price: GAM is more volatile than 90% of Swiss stocks over the past 3 months, typically moving +/- 14% a week.
Volatility Over Time: GAM's weekly volatility (14%) has been stable over the past year, but is still higher than 75% of Swiss stocks.
(Source simplyallstreet)
Liontrust Asset Management PLC (LSE:LIO) agreed to acquire GAM Holding AG (SWX:GAM) for approximately CHF110 million on May 4, 2023. The Consideration will be satisfied by the issue of 9.4 million new ordinary shares in Liontrust. Liontrust Asset Management has agreed to acquire GAM for consideration, valuing each GAM Share at CHF 0.6723.
It is expected that Liontrust will offer 0.0589 Liontrust Shares for one (1) GAM Share (the "Exchange Ratio"). It is expected that GAM shareholders will own approximately 12.6 percent. of the combined group on the completion of the deal. The transaction is subject to minimum tender and approval by acquirer shareholders.
The transaction has been approved by the Swiss Takeover Board (TOB). The Proposed Acquisition is expected to complete in the 4th quarter of 2023. As of May 10, 2023, NewGAMe SA and Bruellan, which controls approximately 8.4% of the issued share capital of GAM Holding AG, has formally challenged the decision of the Swiss Takeover Board regarding Liontrust Asset Management PLC's announced exchange offer for GAM. As of June 9, 2023, Liontrust Asset Management PLc expects to publish both the Circular and Offer Prospectus on or around June 13, 2023
Alantra Corporate Finance LLP is acting as Lead Financial Adviser to the GAM Holding AG in connection with the Proposed Acquisition. Singer Capital MarketsAdvisory LLP is acting as Sole Sponsor, Financial Adviser and Sole Broker to the GAM Holding AG in connection with the Proposed Acquisition. Deloitte LLP is acting as Reporting Accountant and Dentons UK and Middle East LLP as Legal Adviser to the GAM Holding AG in connection with the Proposed Acquisition. JPMorgan Chase & Co. acted as financial advisor for GAM Holding AG.
Claude Lambert, Lorenzo Togni, Stefan Kramer, Richard Stäuber and Micha Fankhauser of Homburger AG acted as legal advisor to GAM Holding AG.
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