All-share acquisition of River and Mercantile for AssetCo

An agreement in the long-held deal has been reached

clock • 2 min read
All-share acquisition of River and Mercantile for AssetCo

The board of River and Mercantile (R&M) has reached an agreement with AssetCo for an all-share acquisition by the Martin Gilbert-chaired group.

Under the terms of the acquisition, R&M shareholders will be entitled to receive 0.07392 AssetCo new shares for each RMG share they hold. Based on a closing price of 1,550 pence per AssetCo shar...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Join now

 

Already a Professional Pensions
member?

Login

More on Industry

LGPS contribution cut could save councils £3bn per year

LGPS contribution cut could save councils £3bn per year

LCP has called for a review of contributions to help protect councils’ financial positions

Holly Roach
clock 12 July 2024 • 1 min read
Professional Pensions: Stories of the week

Professional Pensions: Stories of the week

DWP appointments, Brookfield enters bulk annuity market, TPR evolves master trust supervision

Professional Pensions
clock 12 July 2024 • 1 min read
Railpen 'deeply disappointed' over final FCA listing rules

Railpen 'deeply disappointed' over final FCA listing rules

New rules remove the need for votes on significant or related party transactions

Holly Roach
clock 11 July 2024 • 3 min read
Trustpilot