Premier Asset Management and Miton have merged to create a group with assets under management of some £11.5bn. The all-share merger deal sees Miton shareholders receive 0.3 shares in Premier per share, valuing them at 56.7p, a premium of 38% on its last close price. Premier saw its AUM rise to £6.86bn as of 30 September 2018, with turnover up almost 20% to £48.8m.
