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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...
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