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An update from L1 Long Short Fund Ltd. ( (AU:LSF) ) is now available.
Platinum Asset Management Limited has advanced its merger discussions with L1 Capital, nearing the completion of due diligence for a potential merger. The proposed terms suggest L1 Capital shareholders will hold a majority stake in the combined entity, which aims to leverage performance fees from L1 Long Short funds. The merger is expected to enhance value for Platinum shareholders, though it remains subject to board and regulatory approvals.
More about L1 Long Short Fund Ltd.
Platinum Asset Management Limited is a company in the financial services industry, focusing on asset management. It offers investment management services and is known for managing a range of funds with a particular emphasis on delivering absolute returns.
Average Trading Volume: 463,339
Technical Sentiment Signal: Buy
Find detailed analytics on LSF stock on TipRanks’ Stock Analysis page.