Hargreaves Lansdown extends deadline for CVC-led consortium to firm $6.9 billion takeover bid

(Reuters) – UK’s Hargreaves Lansdown on Monday, gave a consortium led by CVC Advisers and the Abu Dhabi Investment Authority until Aug. 9 to make a firm offer for the British investment platform.

The company, co founded by Peter Hargreaves, is preparing to sign off on a 5.41-billion-pound ($6.9 billion) takeover if the group of investors table a formal offer. ($1 = 0.7836 pounds)

(Reporting by Yamini Kalia and Prerna Bedi in Bengaluru; Editing by Savio D’Souza)

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