Extension given for River and Mercantile takeover talks

Discussions ongoing with Premier MIlton and AssetCo over potential acquisition

clock • 1 min read
AssetCo's James Campbell
Image:

AssetCo's James Campbell

The board of River and Mercantile Group has agreed to an extension to the date by which AssetCo and Premier Miton are required either to announce a “firm intention” to make an offer of acquisition or whether it does not intend to continue.

The firms, which entered a bidding war recently, have been given until 5pm on 18 January to make their intentions over acquiring River and Mercantile clear, with the possibility of a further extension...

To continue reading this article...

Join Professional Pensions

  • Unlimited access to real-time news, analysis and opinion from the industry
  • Receive our in-depth monthly magazine in either print or digital format
  • Access our Sustainable Investment Hub covering news and opinion from thought leaders in the ESG space
  • Receive important and breaking news stories selected by the Editors in our daily newsletter
  • Hear from industry experts and other forward-thinking leaders
  • Receive a monthly members-only newsletter with exclusive opinion pieces from leading industry experts and a feature from the magazine in advance of its release date

Join now

 

Already a Professional Pensions member?

Login

More on Defined Benefit

Private girls' school teachers to strike over pension cuts

Private girls' school teachers to strike over pension cuts

Members in the Girls’ Day School Trust voted against withdrawing from the TPS

Hope William-Smith
clock 27 January 2022 • 2 min read
UUK slams union attempt at consensus on USS issues

UUK slams union attempt at consensus on USS issues

Universities UK has said the new proposal is not a ‘serious attempt’ to reach an agreement

Hope William-Smith
clock 27 January 2022 • 2 min read
Update your PPF valuation to save on levy, schemes urged

Update your PPF valuation to save on levy, schemes urged

Gains on bonds and equities could help schemes cut their s179 levy in half

James Phillips
clock 27 January 2022 • 2 min read
Trustpilot