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

Risk Warning Review plans aim to address 'negative framing' of investing

Risk Warning Review plans aim to address 'negative framing' of investing

Lowest investment rate in G7

Alex Sebastian
clock 09 April 2026 • 2 min read
Equity fund outflows hit £1.44bn during war-torn March

Equity fund outflows hit £1.44bn during war-torn March

Calastone Fund Flow index shows

Professional Adviser
clock 09 April 2026 • 2 min read
Quality investing: Holding conviction when markets test investors

Quality investing: Holding conviction when markets test investors

Quality investors have no doubt had their conviction 'severely tested' of late

Scott Spencer
clock 31 March 2026 • 5 min read