Investor defends against IP Group takeover
Touchstone is escalating its defence against a hostile takeover by FTSE250-listed IP Group, despite the acquisition having the support of the group’s founding university and three major shareholders.
Along with Touchstone’s founding university, Imperial College, investor Neil Woodford, hedge fund Lansdowne and institution Invesco, the deal currently has 89.7% shareholder support.
Despite this, science investor Touchstone’s board has reiterated its position against the bid. Chairman David Newman insists that they continue... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...
