Premier MBO deal agreed

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The management buyout of Premier Asset Management was confirmed today,with 78% of shareholders agre...

The management buyout of Premier Asset Management was confirmed today,with 78% of shareholders agreeing to the offer of 285p per share to take thecompany private. Premier’s management team are bidding for the company through Harvey Bidco, who announced the conditions of the final offer had been satisfied, making it wholly unconditional. Existing shareholders now have until 11 September to accept the offer or remain as shareholders, which would in effect lock their money into the company. The proposed buyout had been stalled by resistance from some shareholders, including Unicorn's Peter ...

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