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Rathbone Brothers looks set to combine with rival
Thursday 24 Aug 2017 Author: David Stevenson

Wealth manager Rathbone Brothers (RAT) is in talks with unlisted rival  Smith & Williamson over a mooted £2bn merger.

Following waves of consolidation in the asset management industry, the potential deal values Smith & Williamson at £600m and would be structured as a takeover by Rathbones. Analysts view it as a good cultural fit.

The announcement follows on from the acquisition of investment manager Hargreave Hale by financial services group Canaccord Genuity last month.

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