The Mattioli Woods board said this morning that they had agreed to a cash offer from Tiger Bidco, a wholly-owned vehicle advised and managed by Pollen Street, and would now unanimously recommend the deal to shareholders.
The proposed offer of 804p per share marks a 34% premium on the AIM-listed firm’s closing share price of 600p per share on Thursday (7 March).
Mattioli Woods Group currently holds over £15bn in assets under management, administration and advice, for a client base of over 20,000 wealth clients.
Pollen Street said the acquisition will provide Mattioli Woods and its …
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