UK's Liontrust jumps after proposed £6 million deal

By Reuters News

** Shares of British fund manager Liontrust Asset Management LIO.L up 16% at 303.5p

** Co reports proposed acquisition of fund management and model portfolio services business of Hawksmoor Fund Management and Hawksmoor Investment Services

** Proposed deal is for an initial cash consideration of £6 million ($7.97 million)

** Co expects proposed acquisition to be earnings enhancing for adjusted diluted earnings per share for financial year ending 31 March 2027 and in future years

** YTD, stock had risen ~15% this year


($1 = 0.7526 pounds)

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