6th Mar 2020 13:43
(Alliance News) - Harwood Wealth Management Group PLC on Friday said the High Court of Justice in England & Wales has sanctioned its takeover by Hurst Point Topco Ltd.
In February, the wealth management firm said it had received approval from the UK Financial Conduct Authority for its GBP91 million takeover by Hurst Point, a company formed by funds managed by US private equity firm Carlyle Group.
Hampshire-based Harwood said the takeover will become effective on Monday and shares will be suspended from trading on London's AIM market on the same date. The shares will be cancelled on Tuesday.
Harwood Wealth shares were untraded on Friday afternoon in London, last quoted at 142.50 pence each.
By Ife Taiwo; [email protected]
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