CityWire – Northill Capital, the group founded by former BNY Mellon vice chairman Jon Little, has launched a takeover bid for Alpha Strategic +, which finances hedge funds.
Alpha Strategic is already 51% owned by Northill, and has revealed that it received an offer today from Northill to acquire the remaining shares for 25p each, a slight premium to yesterday’s closing price of 19p but far below the 120p level at which Alpha Strategic floated in 2005.
