Image:
Schroders group CEO Richard Oldfield (pictured) said: 'In a competitive landscape where scale can help deliver benefits, in Nuveen we see a partner that shares our values.'
UK fund management stalwart Schroders has agreed to a £9.9bn purchase from US fund management firm Nuveen.
The deal represents a value of 612p per Schroders share, consisting of 590p per share and permitted dividends of up to 22p. Assuming the dividends are declared and paid in full, this is a 34% p...
To continue reading this article...
Join Professional Pensions
Become a Professional Pensions Lite Member today
In just a few clicks you can start your free Professional Pensions Lite membership, providing you access to:
- Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
- Receive important and breaking news stories via our two daily news alerts
- Hear from industry experts and other forward-thinking leaders
Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here
