Homburger advises GAM in Liontrust public exchange offer

GAM Holding has entered into an agreement with Liontrust Asset Management relating to the launch by Liontrust of a public exchange offer for all publicly held shares in GAM. As further set out in the pre-announcement by Liontrust dated May 4, 2023, the company expects to launch the exchange offer on or about June 9 and to offer approximately 0.0589 Liontrust shares per GAM share, corresponding to an aggregate approximately 9.4 m Liontrust shares in exchange for all GAM shares. The offer is subject to the approval by Liontrust shareholders expected for July 7, 2023, on occasion of a shareholders’ meeting and, once launched, will be subject to a minimum acceptance ratio of 66⅔%. Completion is subject to customary regulatory approvals.

Homburger advises GAM on the transaction. The team is led by partner Claude Lambert (corporate / m&a, pictured) and includes Lorenzo Togni (corporate / m&a), Stefan Kramer (regulatory and financial market regulation) and Richard Stäuber (competition) as well as Micha Fankhauser, Stefan Luginbühl, Anna Peter, Margrit Marti, Olivier Bühlmann, Simone Schmid, Timo Hasler, Patrick Schmidt, Isabelle Cordey and Florian Gasche (all corporate / m&a), Alexander Wherlock and Sarah Fasel (both regulatory and financial market regulation).