Hargreaves Lansdown Aktie News

Hargreaves Lansdown PLC's (LSE:HL.) co-founder and largest shareholder, Peter Hargreaves, is open to backing a take-private deal, but not at the price that a private equity consortium offered.

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.

You can almost hear the scoffs among Hargreaves Lansdown PLC (LSE:HL.) management after receiving an opportunistic, low-ball bid from a private equity consortium after Wednesday's closing bell.

Hargreaves Lansdown PLC (LSE:HL.) has confirmed a takeover approach for the financial services firm from a consortium comprising CVC Advisers, Nordic Capital and Platinum Ivy, a wholly-owned subsidiary of Abu Dhab's sovereign wealth fund.

A consortium including CVC Advisers and the Abu Dhabi Investment Authority on Wednesday said it was considering a possible revised offer for Hargreaves Lansdown after the British investment platform's board rejected a buyout proposal it had made in late April.

Hargreaves Lansdown PLC (LSE:HL.) shares jumped almost 8% after the DIY investment and savings platform announced strong third quarter numbers.

Over 4,000 out-of-pocket investors in Neil Woodford's failed Woodford Investment Fund (WEIF) have joined a £200 million class-action lawsuit against broker Hargreaves Lansdown PLC (LSE:HL.). Claims-management firm RGL initially launched legal action against Hargreaves in 2022 on behalf of 3,200 investors, citing the broker's role in promoting the collapsed fund.

The launch of "zero-fee" trading broker Robinhood's in the UK last month is seen as "another headwind" for Hargreaves Lansdown PLC's (LSE:HL.) market share, leading UBS to reiterate a 'sell' rating on the shares.