SHARES in listed investment vehicle
Londonmetric, a
Shares in CTPT surged to close up 25 per cent yesterday.
Bosses at the firm have now recommended the offer to shareholders and said the deal had a "compelling strategic and financial rationale for shareholders in both Londonmetric and CTPT".
A tie-up between the two firms would create an organisation with some £3.3bn in combined assets.
(c) 2023 City A.M., source