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RBC Monday announced an offer of 485 p-a-share Bluebay, valuing the company 963 m ￡ and offering shareholders a 29. 1pc Prime Friday closing share prices.

"Our Board unanimously recommends this combination with RBC because of clear benefits see us for shareholders, customers and employees, the company", said Hans - J?rg Rudloff, Chairman of Bluebay.

Total Bluebay directors receive 197 m ￡ for their 2 05pc holding the société.bluebay pink nose shares almost 30pc Monday on the news, the day of closing to a maximum of 12 months, 487 p..

Boon to Willis and Mr. Poole just after the two men in February has sold a total of 13 m shares for ￡ 42.3 m.

In the acquisition of RBC, Willis and Mr. Poole will have to hand over a quarter of the money they receive funds managed by Bluebay.

In addition to this, men should be 40pc of money if they leave the company within three years of the agreement, as well as increase the proportion of their annual earnings subject to 60pc 40pc deferrment.

RBC has confirmed that the acquisition will not prevent the payment of annual dividend 7.5 society p.

In a preliminary statement issued at the same time as the agreement RBC, said Bluebay its assets under management increased by 16 6pc in the 12 months to the end of June, at $remained (￡ 28. 6bn) and has continued to increase for three months.

"While we continue to be vigilant in the context of what remains a macro volatile and uncertain environment, we believe we are well-positioned to build on the strong start made in our new fiscal year,"said Mr. Willis.""

John Montalbano, CEO of said RBC wealth management agreement "single positive."

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