Raymond James set to buy Charles Stanley for £278.9m
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Raymond James to acquire Charles Stanley
Raymond James UK Wealth Management is set to acquire the entire issued capital of Charles Stanley for £278.9m, at a price of 515p per share.
The terms of the acquisition represent a premium to the closing price of Charles Stanley shares as at 28 July of 43.5%.
Raymond James said it had long admired Charles Stanley s reputation, heritage and its talented pool of investment managers, financial planners (collectively referred to as wealth managers) and professionals . The two firms share a common client-centric approach and both offer employed and self-employed affiliation models, while Raymond James also provides platform services, enabling the flexibility that wealth managers value. Charles Stanley meets Raymond James historical acquisition criteria, in particular as an excellent strategic fit with a complementary culture, the announcem
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