Hargreaves Lansdown extends takeover deadline again

(Sharecast News) - Hargreaves Lansdown said on Monday that it has once again extended the deadline for a consortium led by CVC Advisers and the Abu Dhabi Investment Authority to make a firm offer for the investment platform. The 'put up or shut up' deadline has been extended to 9 August, having previously been pushed back to 1700 BST on Monday.

HL said "discussions with the consortium remain ongoing".

The company had said in June that it would be willing to recommend a firm takeover approach at 1,140p a share from the consortium, or £5.4bn.