M&A

Asia Dragon shares surge on Ashoka merger proposal

By Frank Prenesti

Date: Tuesday 07 May 2024

(Sharecast News) - Shares in the Abrdn-run Asia Dragon Trust spiked on Tuesday after the £35m Ashoka Whiteoak Emerging Markets made a merger approach for its much larger rival.
Ashoka said it had put forward a proposal to merge the two trusts, with the option of a cash exit of up...

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