Henderson / Gartmore deal - Analysis
Lawrence Gosling asks if Henderson is paying too much to acquire Gartmore
The deal announced today is a neat swerve by Henderson to pick up Gartmore on a two for three shares basis, which allows everyone involved to walk away with a semblance of dignity and begins to draw a line under a tricky period, to say the least.
The Henderson offer values Gartmore at £335m, above its initial offer just before Christmas of £330m, but it is noticeable Henderson isn't stumping up any cash but has managed to tie in a pool of good...
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