Hargreaves Lansdown Rejects £4.7 Billion Takeover Bid

The investment platform dismisses offer from Abu Dhabi-led consortium, citing undervaluation concerns.

Shares in Hargreaves Lansdown surged by 23% following the rejection of the bid.
The consortium, which includes CVC Capital and Nordic Capital, has until June 19 to make a formal bid or withdraw.
Hargreaves Lansdown has struggled with competition from low-cost alternatives and higher operational costs.
The company has nearly 2 million customers and manages £150 billion in assets.
Analysts debate whether going private could help Hargreaves Lansdown reset fees and invest in infrastructure.