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 share, the...

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