Neil Woodford's St James's Place mandate is in line for a rapid windfall from the manager's investment in Daisy Group after its chief executive said he was plotting a £500m buyout of his own company.
The former star fund manager of Invesco Perpetual, (pictured) who recently set up Woodford Investment Management, declared a stake of almost 4% in Daisy Group in May when its shares were 170p. He stands to collect a swift £2m if the deal, a cash offer of 190p a share, is successful, the Telegraph reports. > Read: Woodford launch sends IMA Equity Income sales to record high < Daisy Group has developed a reputation for being one of the most acquisitive communications businesses in Europe. But its boss, Matthew Riley, is now planning to buyout the company as head of a consortium of inv...
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