Wealth and Asset Management
Tavistock slams Jersey fund M&A bid as ‘unwelcome distraction’
UK wealth firm Tavistock Investments has said that the M&A proposal by Jersey-based fund manager Team was “opportunistic” and an “unwelcome distraction” in its year-end trading update. The bid was not positively received by Tavistock, which rejected it straight away. But Team’s offer is now backed by 14% of Tavistock…
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