Titanium Ruth Bidco and Tritax EuroBox agree on all-share cash acquisition
The newly-formed company outbid SEGRO with a £557m cash offer
The newly-formed company outbid SEGRO with a £557m cash offer
Firm will acquire £800m of mostly institutional assets from the London-based boutique
Investment professionals and support staff at Cantab will keep existing roles
Some 30% of shareholders have already voted in favour of the sale to Saltus
Dewi John analyses the performance of small and mid caps across the UK US, and global equity markets over time
Deal expected to close in first quarter of 2025
Deal is expected to complete in the first half of 2025
The investment trust sector is increasingly willing to take difficult choices to deliver shareholder value
Some 8% of Witan’s portfolio is invested in other trusts
The merger is the result of Witan CEO Andrew Bell’s impending retirement
Bidco initially revised its offer for SONG on 3 June
Brookfield announced it is in the ‘early stages’ of assessing a cash offer