Hargreaves Lansdown Refuses Offer, Cites Undervaluation of Company
Wednesday, 22 May 2024, 20:40
Hargreaves Lansdown Rejects £5bn Private-Equity Takeover Approach
Key Points:
- Hargreaves Lansdown, a prominent UK investment site, recently dismissed a £5 billion takeover bid from a private-equity consortium.
- The company's board emphasized that the offer 'substantially undervalues' the business.
This decision underscores Hargreaves Lansdown's confidence in its valuation and future growth potential.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.