AssetCo agrees River and Mercantile takeover

R&M shareholders to own 41.6%

James Baxter-Derrington
clock • 2 min read
Under the terms of the acquisition, RMG shareholders will be entitled to receive 0.07392 AssetCo new shares for each RMG share they hold.
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Under the terms of the acquisition, RMG shareholders will be entitled to receive 0.07392 AssetCo new shares for each RMG share they hold.

The board of River and Mercantile Group has reached an agreement with AssetCo for an all-share acquisition by the Martin Gilbert-chaired group.

Under the terms of the acquisition, RMG shareholders will be entitled to receive 0.07392 AssetCo new shares for each RMG share they hold. Based on a closing price of 1,550 pence per AssetCo share, the...

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