Two titans of high finance, long part of Britain’s monied establishment, are in talks over a possible merger.
Lord Rothschild’s investment company RIT Capital Partners is mulling a takeover of Alliance Trust, a bastion of Scottish money-making prowess since 1888.
In keeping with the secrecy which always surrounds such businesses, few details have yet emerged about the deal itself. Both companies have confirmed talks. But how much RIT is prepared to pay, the time frame involved and whether Alliance’s owners would get cash as well as shares still remain a mystery.
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