AssetCo and Premier Miton given extension in River & Mercantile takeover talks

Discussions ongoing

clock • 1 min read

The board of River and Mercantile Group has agreed to an extension to the date by which AssetCo and Premier Miton are required either to announce a “firm intention” to make an offer of acquisition or whether it does not intend to continue.

The firms, which entered a bidding war recently, have been given until 5pm on 18 January to make their intentions over acquiring River and Mercantile clear, with the possibility of a further extension thereafter. The AssetCo board, chaired by Martin Gilbert, continues to believe that both firms are "highly complementary" and that a combination of AssetCo and RMG Asset Management would create "significant" value for the combined group's clients, portfolio managers, employees and shareholders. Campbell Fleming, chief executive officer at AssetCo, said: "We note that the Board of River a...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Investment

Trian and General Catalyst to purchase Janus Henderson for $7.4bn

Trian and General Catalyst to purchase Janus Henderson for $7.4bn

Will continue to be led by current management team

Patrick Brusnahan
clock 23 December 2025 • 2 min read
2025 reflections: How strong companies trumped politics

2025 reflections: How strong companies trumped politics

Fears of an AI market bubble persist

Ryan Hughes
clock 23 December 2025 • 3 min read
What does 2026 hold for investment?

What does 2026 hold for investment?

‘The disruptors of yesterday are now the establishment’

Jen Frost
clock 17 December 2025 • 3 min read