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Pin to quick picksAlliance Trust Share News (ATST)

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Rothschild climbs down from Alliance Trust interest

Tue, 07th Jun 2016 13:14

(ShareCast News) - Jacob Rothschild's investment vehicle RIT Capital Partners is no longer interested in acquiring Alliance Trust, it was revealed on Tuesday.The news came a week after Alliance confirmed to the market that it has been approached by RIT."Following careful analysis and constructive discussions with representatives of Alliance Trust, RIT has concluded that it would not be in the best interests of its shareholders to make an offer for Alliance Trust," Rothschild Investment Trust Capital Partners said in a statement on Tuesday."Accordingly [RIT] announces that it does not intend to make an offer to acquire Alliance Trust."If the two well-known UK investment trusts were combined, it would have created an organisation worth upwards of £5bn.Last year, RIT revealed it held a stake of Alliance Trust, before Alliance said in a statement last week that RIT had approached its board with an informal merger proposal."No detailed terms have been provided," it clarified at the time.Investor campaigns have been the theme of relations at Alliance in recent years, with the board receiving a makeover in November at the behest of activist hedge fund Elliott.
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7 Jun 2016 10:39

TOP NEWS: RIT Capital Decides Against Making Offer For Alliance Trust

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1 Jun 2016 16:06

Wednesday newspaper share tips: Alliance Trust, Hill & Smith

(ShareCast News) - Managers at Alliance Trust face a familiar set of battle lines this year after investment trust RIT Capital's informal approach, write the Financial Times' Lex column. That investment trust, chaired by Jacob Rothschild, may yet follow up with a formal bid for its Scottish peer. W

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31 May 2016 16:01

Britain's FTSE snaps three-month winning streak as Brexit poll weighs

* FTSE 100 index down 0.6 percent at close * ICM poll shows UK voters shift towards "Leave" for EU vote * Inmarsat falls ahead of FTSE reshuffle (Recasts, adds detail and updates prices at close) By Kit Rees and Atul Prakash LONDON, May 31 (Reuters) - Britain's top share

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31 May 2016 15:55

LONDON MARKET CLOSE: Brexit Poll Hits Sterling, Stocks In Late Trade

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31 May 2016 14:41

Britain's FTSE index set to post fourth consecutive month of gains

* FTSE 100 index flat * Set to post fourth straight month of gains * Hits one-month high before easing * Inmarsat falls ahead of FTSE reshuffle (Recasts, adds detail and quote, updates prices) By Kit Rees and Atul Prakash LONDON, May 31 (Reuters) - Britain's top sh

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31 May 2016 11:21

Britain's FTSE index set to post fourth consecutive month of gains

* FTSE 100 index down 0.1 percent * Set to post fourth straight month of gains * Hits one-month high before easing * Alliance Trust rises on M&A news (Adds detail and updates prices) By Kit Rees and Atul Prakash LONDON, May 31 (Reuters) - Britain's top share index

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31 May 2016 11:00

LONDON MARKET MIDDAY: Stocks Lower As Eurozone Deflation Continues

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31 May 2016 10:20

TOP NEWS SUMMARY: Alliance Trust Confirms Merger Approach From RIT

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31 May 2016 09:47

WINNERS & LOSERS SUMMARY: Alliance Trust Rises On RIT Approach

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31 May 2016 07:29

LONDON MARKET OPEN: RIT Interest Sends Alliance Trust Shares Higher

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31 May 2016 07:17

BUZZ-Alliance Trust: RIT Capital makes informal merger proposal

** Investment firm Alliance Trust's shares up 3.3 pct, top FTSE mid-250 gainers, after RIT Capital Partners makes informal merger proposal ** Alliance Trust says RIT has not provided any details of proposal ** RIT confirms talks, says merger possibility at "a very preliminary stage of

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31 May 2016 07:14

LONDON BRIEFING: Alliance Trust Shares Lifted By RIT Capital Approach

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31 May 2016 07:10

Alliance Trust confirms RIT Capital's informal merger approach

(ShareCast News) - Alliance Trust said it has received an unsolicited, informal approach from fellow FTSE 250 investment trust RIT Capital Partners that proposed a merger of the two companies. Alliance stressed that "no detailed terms" were provided by RIT and it will incorporate any formal offer w

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31 May 2016 07:05

Tuesday newspaper round-up: HSBC, Brexit polls, Alliance Trust

(ShareCast News) - HSBC's Stuart Gulliver is the European bank chief executive who investors would most like to be replaced, according to a recent poll of large shareholders. When 74 institutional investors were polled by Autonomous Research and asked to each name three banks in Europe "most in need

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31 May 2016 06:22

TOP NEWS: RIT Confirms "Very Preliminary" Interest In Alliance Trust

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