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Alliance Trust confirms approach by RIT

31 May 2016 07:39

Alliance Trust has confirmed it has received an approach from RIT Capital Partners.

Alliance Trust says no detailed terms have been provided by RIT with regard to the proposal or in respect of the company's two principal operating subsidiaries.

Alliance Trust says the board will incorporate any formal merger proposal into its strategic review, alongside the other options being considered.

Story provided by StockMarketWire.com

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