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Rathbone Brothers terminates merger talks with Smith & Williamson

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Rathbone Brothers terminates merger talks with Smith & Williamson

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(Reuters) – British wealth manager Rathbone Brothers <RAT.L> said on Thursday that it had terminated talks with UK-based financial services provider Smith & Williamson over a possible all-share merger. Rathbone said it would incur a charge of about 5 million pounds in 2017 for the expenses related to the merger talks. The company had said earlier this month that it was in exclusive merger talks with Smith & Williamson.

(Reporting by Parikshit Mishra in Bengaluru. Editing by Jane Merriman)
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