Alliance Trust to absorb Witan in blockbuster £5 billion deal
Two of the biggest investment trusts are combining in the sector's largest-ever merger, with Witan (WTAN) to be rolled into Alliance Trust (ATST) in a mega-deal expected to complete later this year.The combination of these two FTSE 250 constituents will create 'Alliance Witan', an investment trust goliath with net assets north of £5 billion and big enough for FTSE 100 inclusion.Shares in Witan ro