S&W seeks IPO after Rathbones abandons merger plans

In a statement issued on Thursday evening, Rathbones said the deal, which would have created a major new player overseeing £56bn of assets, would not go through. The firm did not say why talks had collapsed, but it appeared S&W's owners demanded more than Rathbones' offer.  S&W later released its own statement saying it had been preparing for a stockmarket listing when negotiations with Rathbones began, and as a result of the breakdown in talks, planned to pursue an IPO. Rathbones would take a £5m hit from the costs of the failed takeover attempt, This is Money reported.  Analys...