Premier Asset Management and Miton Group have agreed the terms of an all-share merger, which is expected to complete in Q4 and will see Miton shareholders own 33% of the combined group.
The merger, which is expected to be conducted through a court-sanctioned scheme of arrangement between Miton and its shareholders, values each Miton share at 56.74p, meaning Miton shareholders will own a third of the combined group following completion. Miton inflows double to £1bn as profits jump 34% The combined asset manager, which will be renamed Premier Miton Group, will continue to trade on AIM. It is expected to have combined assets under management of £11.5bn, which the groups believe positions the business well for future growth. Premier Miton Group's combined board will b...
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