News blog

Arden Partners

• BY: Andrew Hore |
• POSTED: 04/02/2013 |

Grahame Whateley, who tried to acquire Arden Partners last year, has reduced his stake in the Aim adviser.

The former non-executive director has cut his stake in Arden from 15.4% to 10.2%. Whateley was adding to his stake last autumn prior to a positive trading statement. Since then the share price has risen.

Whateley runs Cedar Invest a private equity business involved predominantly in property as well as other sectors.

A cash bid of 37p a share was suggested last year, with the possibility of a share alternative, but the discussions ended in April.

At 49.5p a share, Arden is valued at £11.2m.

Download the latest AIM Journal from http://www.hubinvest.com/AIMPDFJanuary2013_40.pdf