Rathbones set for £2bn merger with S&W
Rathbone Brothers, the wealth manager founded in Liverpool 275 years ago, is on the verge of a £2bn merger with Smith & Williamson, according to reports.
Sky News was the first to report that Rathbones was in advance talks on an agreement to join the S&W – which is values at £600m - in an all-share merger.
If it goes ahead the enlarged Rathbones empire – valued at £1.4bn – would create a company employing about 300 people and would rank among one of the most significant deals so far this year.
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