Commenting on the merger between Shaftesbury estate and Capco, Mike Fox, Head of Sustainable Investments at Royal London Asset Management, said:
“The terms announced today are unattractive and fail to reflect the inherent value of the Shaftesbury estate. It is unclear why it is in the interests of Shaftesbury shareholders to accept them.”
RLAM holds 3.0% in Shaftesbury.
The views expressed are those of the author at the date of publication unless otherwise indicated, which are subject to change, and is not investment advice.