Schroders shareholders overwhelmingly greenlight Nuveen takeover

Vote to approve £9.9bn takeover bid seen as a foregone conclusion

Linus Uhlig
clock • 1 min read
Once combined, the group will manage $2.5trn of assets, subject to regulatory approval.
Image:

Once combined, the group will manage $2.5trn of assets, subject to regulatory approval.

Schroders shareholders have voted to approve the £9.9bn takeover bid for the UK asset management giant by Nuveen.

At the company's annual general meeting yesterday (16 April), 99.92% of votes were cast in favour of the takeover, according to a stock exchange notice.  At least 75% of votes in favour were nee...

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Linus Uhlig
Author spotlight

Linus Uhlig

Linus Uhlig is chief reporter at Investment Week

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