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Rathbone Brothers terminates merger talks with Smith & Williamson
August 31, 2017 / 5:44 PM / 23 days ago

Rathbone Brothers terminates merger talks with Smith & Williamson

Aug 31 (Reuters) - British wealth manager Rathbone Brothers said on Thursday that it had terminated talks with UK-based financial services provider Smith & Williamson over a possible all-share merger. Rathbone said it would incur a charge of about 5 million pounds ($6.45 million) in 2017 for the expenses related to the merger talks. The company had said earlier this month that it was in exclusive merger talks with Smith & Williamson. ($1 = 0.7756 pounds) (Reporting by Parikshit Mishra in Bengaluru. Editing by Jane Merriman)

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