Charlemagne is the subject of a recommended offer from Fiera Capital Corporation, a Canadian investment manager. This comprises an 11p cash payment and a 3p special dividend upon completion – in aggregate this represents a 17% premium to the last closing price. The 11p consideration equates to 1.8% EV/AuM (current/reported). Interim results have also been released this morning. The key AuM and revenue details had been previewed at the H1 trading update (14/7/16). Falling fee income on lower aver ....
30 Sep 2016
N+1 Singer - Charlemagne Capital Ltd - Recommended offer from Fiera Capital Corporation & Interims
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N+1 Singer - Charlemagne Capital Ltd - Recommended offer from Fiera Capital Corporation & Interims
- Published:
30 Sep 2016 -
Author:
Andrew Watson -
Pages:
3
Charlemagne is the subject of a recommended offer from Fiera Capital Corporation, a Canadian investment manager. This comprises an 11p cash payment and a 3p special dividend upon completion – in aggregate this represents a 17% premium to the last closing price. The 11p consideration equates to 1.8% EV/AuM (current/reported). Interim results have also been released this morning. The key AuM and revenue details had been previewed at the H1 trading update (14/7/16). Falling fee income on lower aver ....