FCA’s earlier demand for £356m could make or break any potential deal
As company reports a strong quarter and CEO Chris Hill announces his retirement
Benevolent AI saw its share price drop from £7.01 to £3.42 per share
It is not yet clear what this means for Woodford investors
On top of the £306m it will likely have to stump up before the watchdog will greenlight its acquisition
But no word yet on if or how it will be distributed to Woodford investors
Former Woodford investment trust will instead rely on Schroder’s in-house capabilities