Premier Miton, the £13.9bn UK fund house, has walked away from talks to acquire River & Mercantile – leaving Martin Gilbert’s AssetCo in prime position to swoop in on the listed asset manager.
In a 13 January notice on the London Stock Exchange, Premier Miton chief executive Mike O'Shea said that it had concluded there are “insufficient commercial merits for our shareholders to make a formal proposal” to acquire River & Mercantile.
