Soul Patts boosts ‘firepower’ through $10.8b Milton mega-merger

Washington H. Soul Pattinson and listed investment company Milton Corporation are set to combine forces to create a $10.8 billion investment company with the scale and liquidity to offer shareholders a wider range of asset classes.

The proposed merger between two of Australia’s oldest listed investment houses was announced to the market on Tuesday morning with WHSP’s chief executive, Todd Barlow, telling shareholders it gives the company “firepower to take advantage of new opportunities.”