RIT Capital Partners has decided not to make a formal offer to merge with Alliance Trust, after the two trusts revealed they were in informal talks last week.
RIT Capital Partners has announced it will not be making a formal offer to merge the investment company with the £2.7bn Alliance Trust, saying the move is not in the best interests of shareholders. In a statement, the £2.5bn trust said the offer had been at a preliminary stage of consideration when the talks were first confirmed. It said: "Following careful analysis and constructive discussions with representatives of Alliance Trust, RIT has concluded it would not be in the best interests of its shareholders to make an offer for Alliance Trust and accordingly announces it does not int...
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