GAM shares spike 15% on takeover rumours

Trading above CHF8

Tom Eckett
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Shares in GAM rose to CHF8.1 on the news
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Shares in GAM rose to CHF8.1 on the news

GAM shares jumped over 15% on Wednesday following a report the firm had held informal talks with potential buyers.

Shares in the asset manager rose 15.8% to CHF8.1 at around midday on Wednesday (10 October) after a Bloomberg report said the firm was talking with potential buyers for all or part of the business...

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