By Chris Bailey of Financial Orbit | Sunday 3 April 2022
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
Congratulations if you are a Brewin Dolphin (BRW) shareholder after the announcement a few days ago that “Royal Bank of Canada swoops in £1.6 billion deal…260-year-old City stalwart set to fall into foreign hands with shares soaring 61%”. And today I read that “NatWest Group (NWG)…is among a group of parties expected to examine takeover bids for Tilney Smith & Williamson”. It is good news for any shareholders in names being bid for at chunky premiums, but it is not good news for underlying client investors in my opinion. And here’s why…
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