Washington H Soul Pattinson, an investment company, agreed to acquire Milton, an investment company, for $3bn. The combined company will be valued at nearly $8.29bn. The transaction is expected to close in October 2021. "The transaction will create a unique investment company by bringing together Milton's demonstrated long-term capabilities in listed equities and WHSP's successful record of generating strong returns for shareholders across a range of actively managed public and private investment," Brendan O'Dea, Milton CEO and Managing Director.