Tilney and Smith & Williamson merger delayed due to pandemic

Lauren Mason
Tilney and Smith & Williamson merger delayed due to pandemic

The proposed £45bn merger between Tilney and Smith & Williamson has been delayed due to a combination the coronavirus pandemic and ongoing concerns from the Financial Conduct Authority (FCA) regarding the transaction structure.  In a note to investors on S&W's website published yesterday (15 April), the wealth management firm said it has been working closely with the FCA to develop a revised transaction structure after the regulatory body identified a number of concerns in January of this ...

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