Royal Bank of Canada to Buy Brewin Dolphin for $2.1 Billion
31 March 2022 - 5:48PM
Dow Jones News
By Ian Walker
Brewin Dolphin Holdings PLC said Thursday that it has agreed to
a 1.6 billion-pound ($2.10 billion) takeover by Royal Bank of
Canada.
Under the deal accepting shareholders of the wealth-management
firm will get 515 pence for each share held. The price is a 62%
premium to the company's closing price of 318.0 pence on
Wednesday.
Royal Bank of Canada said it is strategically focused on
evaluating opportunities to grow its wealth-management operations
in its core markets--Canada, the U.S. and Europe.
Write to Ian Walker at ian.walker@wsj.com
(END) Dow Jones Newswires
March 31, 2022 02:33 ET (06:33 GMT)
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