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Share Price: 367.00

Bid: 361.00

Ask: 378.00

Change: 6.00 (1.66%)

Spread: 17.00 (4.709%)

Open: 370.00

High: 370.00

Low: 367.00

Prev. Close: 361.00

Last checked at -

IN BRIEF: City of London Investment To Issue Shares To Karpus

Tue, 29th Sep 2020 18:30

City of London Investment Group PLC - investment manager - To issue 24.1 million shares to Karpus Management Inc as part of its all-share merger with the firm. As the aggregate assets under management of KMI's clients who have consented to the merger is greater than USD3.06 billion, KMI shareholders will receive the maximum share consideration of 79.18 new City of London shares for every KMI share. City of London back in June unveiled plans to buy the US investment firm in an all-share merger.

Current stock price: 412.00 pence

Year-to-date change: down 6.4%

By Lucy Heming;Â lucyheming@alliancenews.com

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CLIG to merge with US-based Karpus Management

(Sharecast News) - City of London Investment Group (CLIG) has entered into a merger agreement to acquire US-based investment business Karpus Management (KMI) on a debt-free basis, it announced on Tuesday.

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