This is Money reports that Aviva’s retail investors have been warned against accepting a mini tender offer from US investment firm Litani, which is offering £5.30 per share, significantly below Aviva’s closing market price of £7.07.
The article highlights concerns that the offer could disadvantage investors who do not fully understand its terms. ShareSoc has strongly criticised Litani’s approach and called on the Financial Conduct Authority (FCA) to urgently scrutinise the practice and issue a clear warning to consumers.
ShareSoc has also urged Aviva shareholders to check the current market price before taking any action, while supporting Aviva’s own warning to investors. The article notes that the offer is believed to be the first of its kind in the UK and targets up to one million shares from Aviva’s large retail shareholder base.
Click here to read the article.
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