Alliance Trust shares climb as merger talks revealed
Alliance Trust has announced it has entered talks with RIT Capital Partners on a merger of the two companies.
Takeovers
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Courtiers lines up hat-trick of takeovers
Henley-based wealth management firm Courtiers has three acquisitions in the pipeline at differing stages of completion as it seeks brisk growth.
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Vestra to be majority owned by Switzerland’s LGT
Vestra Wealth is to become majority owned by Swiss wealth manager LGT after it struck a deal to acquire shares in the business from Vestra’s external investors.
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Tilney Bestinvest buys Ingenious AM
Tilney Bestinvest has struck a deal to buy Ingenious Asset Management for an undisclosed sum.
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Shire shares bounce back from deal price fears
Shares in Shire have jumped over 4% on Tuesday, reversing much of the 7% fall seen yesterday triggered by news it had reached a deal to acquire US peer Baxalta.
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SLI slams Shell’s BG bid as ‘destructive’
Standard Life Investments has said it intends to vote against Royal Dutch Shell’s bid for BG group as it is ‘value destructive’.
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PA ANALYSIS: The dangers of the wealth management consolidation race
Wealth management and financial advice firms have been snapping up their peers at some rate in the post RDR world, but in recent months this has been kicked up a gear.
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Seven IM sold to Caledonia Investments
Seven Investment Management’s majority owners Allied Zurich Holdings and Aegon UK have agreed to sell their stake to Caledonia Investments.
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Pfizers calls on asset managers prove fruitless
Pfizers attempt to coax AstraZeneca’s major shareholders into forcing its board to negotiate on a potential takeover ultimately come to nothing
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BlackRock weighs in on AstraZeneca
Blackrock has publicly urged the AstraZeneca board to re-engage with potential buyer Pfizer
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Woodford applauds AstraZeneca board
Woodford applauds the AstraZeneca board’s handling of Pfizers takeover approach
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Pfizer calls on asset managers to save deal
Pfizer asks AstraZeneca’s major shareholders to step in and pressure board to reconsider stance after new proposal rebuffed