Reuters
LONDON (Reuters) -Peter Hargreaves, the biggest shareholder in UK retail investment platform Hargreaves Lansdown, is open to taking the company private and has held talks with investors recently about a transaction, three people familiar with the matter told Reuters. Hargreaves Lansdown said on Thursday it rejected a 4.67 billion pound ($5.95 billion) takeover proposal from a consortium led by CVC Advisers and the Abu Dhabi Investment Authority, saying it "substantially" undervalued its prospects. Hargreaves, co-founder of Hargreaves Lansdown, wants to hold on to his about 19.8% stake and would prefer a take private at a higher price, one of the people said, speaking on condition of anonymity.
Reuters