Hargreaves Lansdown Extends Bid Deadline to August 9

Hargreaves Lansdown has extended the deadline for a consortium of private equity investors, led by CVC, Nordic Capital, and a subsidiary of the Abu Dhabi Investment Authority, to make a firm £5.4 billion takeover offer until 5pm on 9 August. This extension comes as the consortium continues discussions with the company, which previously indicated it would recommend the deal to shareholders despite some objections regarding preferential treatment for the founders. The initial deadline was set for 19 July but has been pushed back multiple times due to ongoing negotiations. Hargreaves Lansdown's shares have seen significant movement, with a recent dip amid broader market concerns, yet they have rallied over 44% this year due to the bid interest. The company is also set to report its full-year results on the same day as the new deadline. There is still uncertainty about whether a firm offer will be made and the terms involved.