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Bids, Mergers and Takeovers

Rathbone Brothers confirms merger discussions

21 August 2017 07:45

Further to recent press speculation, Rathbones confirmed it is currently in exclusive discussions with the Smith & Williamson group of companies regarding a possible merger.

Whilst these discussions have been underway for some time and the boards of both Rathbones and Smith & Williamson are confident that the combination would bring meaningful benefits for the stakeholders of both businesses, discussions are ongoing and there can be no certainty any transaction will be agreed.

However, if agreed, any such transaction will be subject to the approval of shareholders.

Story provided by StockMarketWire.com

Related Company: RAT

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