UK takeover wave rolls on with £470 million bid for fund manager Gresham House

July 17, 2023 | Shares

Shareholders in alternative asset manager Gresham House (GHE) will be popping the champagne corks today after the firm revealed it had agreed a buyout by private investment group Searchlight at £11.05 per share, a 63% premium to its last price.

Gresham House shares, which had lost 10% this year as of Friday’s close of 680p, leapt 55% to £10.56 with volume in the first hour of trading exceeding the whole of the previous week.

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