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). According to Morningstar Direct, the wealth manager’s share price has jumped 31% so far today in response to the news.
Mattioli Woods Group currently holds over £15bn in assets under management, administration and advice, for a…