S&W seeks IPO after Rathbone merger talks break down
Was preparing for stockmarket listing before Rathbone approach
S&W's David Cobb and Kevin Stopps
Smith & Williamson is to prepare the firm for a potential stockmarket listing, after a statement from Rathbones said merger talks had been "terminated" as parties were unable to agree a transaction that would be in the best interest of shareholders.
After stockmarket closing yesterday, Rathbone released a statement revealing the £2bn merger talks had broken down "following very extensive due diligence and negotiations". It was first reported on...
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