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PRESS: RIT Capital Approaches Alliance Trust On Possible Merger - FT

Sun, 29th May 2016 16:05

LONDON (Alliance News) - RIT Capital Partners PLC, the investment trust chaired by Jacob Rothschild, has approached rival Alliance Trust PLC about a possible merger, the Financial Times reported.

RIT made an informal approach to Alliance Trust in recent weeks and remains interested in a combination of the two groups, the paper said, citing people briefed on the matter.

A merger would create an investment trust with a market value of around GBP5 billion and would end years of strife for Alliance Trust, which has been beset in recent years by activist investors calling for change.

https://next.ft.com/content/c8779024-25a8-11e6-8b18-91555f2f4fde

By Sam Unsted; samunsted@alliancenews.com; @SamUAtAlliance

Copyright 2016 Alliance News Limited. All Rights Reserved.

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