Q: Hi Gang,
It looks like Aston Hill (AHF) is looking to sell itself according to information from PREFBLOG on April 16 as follows:
“Aston Hill is looking for a buyer:
Executives at Aston Hill Financial Inc. have been shopping their firm to other asset managers, hoping to find a buyer.
Over the past two months, senior employees at Aston Hill have reached out to several Canadian firms and expressed interest in selling their company, according to multiple people familiar with the discussions.
The overtures have been made at a volatile time for the company, which recently lost a high profile mandate to manage $2.2-billion ‎worth of funds for IA Clarington Investments Inc. which prompted Aston Hill to slash its dividend.”
What would happen to the share price (currently 81 cents) if a sale occurred?
Any thoughts on when or if this may happen?
Thanks
John
It looks like Aston Hill (AHF) is looking to sell itself according to information from PREFBLOG on April 16 as follows:
“Aston Hill is looking for a buyer:
Executives at Aston Hill Financial Inc. have been shopping their firm to other asset managers, hoping to find a buyer.
Over the past two months, senior employees at Aston Hill have reached out to several Canadian firms and expressed interest in selling their company, according to multiple people familiar with the discussions.
The overtures have been made at a volatile time for the company, which recently lost a high profile mandate to manage $2.2-billion ‎worth of funds for IA Clarington Investments Inc. which prompted Aston Hill to slash its dividend.”
What would happen to the share price (currently 81 cents) if a sale occurred?
Any thoughts on when or if this may happen?
Thanks
John