IN BRIEF: Hargreaves Lansdown shareholders approve CVC-led takeover

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Hargreaves Lansdown PLC - Bristol, England-based wealth management platform - Acquisition by a private equity consortium led by CVC Capital Partners PLC is set to complete in the first quarter of 2025, Hargreaves says, as shareholders on Monday approve the offer. The general meeting vote is 86.6% for and 13.4% against. Hargreaves back in August accepted a £5.44 billion offer from a consortium made up of CVC private equity funds, Nordic Capital XI Delta and Platinum Ivy B 2018 RSC Ltd, part of Abu Dhabi Investment Authority. Shareholders will receive 1,140 pence per share in cash, including a 30p dividend from Hargreaves.

Current stock price: 1,087.00p

12-month change: up 43%

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