R&M bidding war reaction: AssetCo slightly better fit

Not surprised at consolidation

clock • 3 min read
Since the London Stock Exchange opened this morning, the firm's share price has risen by 12.2%.
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Since the London Stock Exchange opened this morning, the firm's share price has risen by 12.2%.

While investors and industry commentators are not surprised about the latest potential consolidation within the industry, they are eyeing the recent bidding war for R&M with interest and some believe AssetCo may be the better fit.

This morning, following press speculation over night, Premier Miton Group confirmed it has approached R&M about a merger that could create a business with more than £18bn in assets, while AssetCo also...

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