Old Mutual closes in on £650m Quilter Cheviot takeover - reports

The report said a deal was closer to being signed after Old Mutual upped its offer by about £50m. Old Mutual previously tried to buy the wealth manager, which is owned by private equity firm Bridgepoint, earlier this summer. However, Sky News reports people close to the situation said while the deal was progressing completion was not certain. Bridgepoint, the sources said, is also continuing to develop it plan list Quilter Cheviot on the stock exchange. The report said such a listing would see it move into the ranks of London’s 350 largest listed firms. Quilter Cheviot manages a...