(Correcting that Liontrust did not lower its stake in CareTech but the percentage dropped as the number of CareTech shares increased.)
LONDON (Alliance News) - CareTech Holdings PLC said Tuesday that the percentage of Liontrust Investment Partners LLP's stake in the company fell to 12.6% from 17.4%.
The percentage of the holding was reduced as a result of CareTech's recent acquisition of Cambian Group, which was completed last Friday.
Liontrust Investment Partners, a subsidiary of Liontrust Asset Management PLC, number of CareTech shares actually increased to 108.9 million from 75.7 million held before Cambian's acquisition.
CareTech shares closed down 0.3% Tuesday at 356.00 pence each. Liontrust closed Tuesday trading down 6.2% at 610.00p each.
