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IN BRIEF: Gabelli Merger tenders 331,457 shares under tranche two

10th Feb 2023 13:10

Gabelli Merger Plus+ Trust PLC - London-based dedicated merger fund which invests globally, but has emphasis on US-traded securities - Says a total of 331,457 qualifying shares were validly tendered under tranche two of its tender offer.

The shares will be repurchased at 973.89 US cents each, representing a discount of 0.3% to the net asset value per share on February 10.

Cash proceeds payable to shareholders who tendered are expected to be dispatched by February 15.

Current stock price: USD9.00

12-month change: flat

By Holly Beveridge; Alliance News reporter

Comments and questions to [email protected]

Copyright 2023 Alliance News Ltd. All Rights Reserved.


Related Shares:

Gabelli Merger
FTSE 100 Latest
Value8,809.74
Change53.53