Brooks Macdonald lines up defence adviser amid takeover interest –sources
LONDON/FRANKFURT - Brooks Macdonald is working with a defence adviser on its strategy amid takeover interest, three people familiar with the matter told Reuters.
Raymond James has had a longer-term mandate for financial advice which recently developed into defence strategy, one of the people said.Brooks Macdonald and Raymond James declined to comment. Including debt, the company trades at about 6 times its earnings before interest, tax, depreciation and amortisation , according to LSEG data, lower than some other wealth managers.
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