logo
  

Royal Bank Of Canada To Buy Brewin Dolphin For GBP 1.6 Bln

RBC Wealth Management (Jersey) Holdings Limited, a wholly owned subsidiary of Royal Bank of Canada, announced cash offer for the entire issued and to be issued share capital of Brewin Dolphin (BRW.L) for 515 pence per share, implying an equity value of about C$2.6 billion or 1.6 billion pounds on a fully diluted basis.

The offer prices represents a premium of 62 percent to the closing price of 318.0 pence per Brewin Dolphin Share on 30 March 2022.

RBC anticipates completion of the transaction by end of third-quarter of 2022.

The Brewin Dolphin Directors intends to recommend unanimously that Scheme Shareholders vote in favour of the Scheme at the Court Meeting.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
MTD Products Inc. is recalling 1,774 units of walk-behind self-propelled lawn mowers for potential risk of fire hazard, a statement by the U.S. Consumer Product Safety Commission (CPSC) showed. The company said the lawn mower can leak fuel when it is stored in the upright (vertical) storage position to pose a fire hazard. Nike Inc. announced its plans to exit the Russian market completely following Russia's ongoing war against Ukraine, reports said. The sportswear major, with more than 100 stores in the country, had suspended operations there in March. Earlier in March, while suspending operations temporarily, the company had said its customers that it couldn't guarantee product shipments. The U.S. Food and Drug Administration unveiled its action plan to advance drug development for rare neurodegenerative diseases, including Amyotrophic Lateral Sclerosis or ALS, in five years. The FDA plans specific actions such as regulatory science initiatives, enhancements to existing programs and new policy initiatives for the purpose. It will use public-private partnerships...
RELATED NEWS
Follow RTT