CORRECT: Liontrust Investment CareTech's Stake Dips After Deal (ALLISS)

(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.