Schroders snapped up by American investment firm Nuveen in £9.9bn deal

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6 hours ago

Schroders agreed to ta takeover by American firm Nuveen Asset manager Schroders has agreed to a £9.9bn takeover by American investment firm Nuveen, in a deal that would end over two centuries of ...

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They’re tremendously supportive, they’ve made their statutory statement","collect":0,"end_time":0,"defaultTopTitle":"cityam.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"AFG":"美国金融集团有限公司","BK4117":"多元化保险","BK4107":"财产与意外伤害保险"},"translate_title":"施罗德以99亿英镑的价格被美国投资公司Nuveen收购","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"AFG":1.5},"content_text":"Schroders agreed to ta takeover by American firm Nuveen Asset manager Schroders has agreed to a £9.9bn takeover by American investment firm Nuveen, in a deal that would end over two centuries of independence for the UK’s largest standalone asset manager.Under the terms of the agreement, Schroders shareholders will receive 612 pence per share, including a cash consideration of 590 pence and a dividend of 22 pence.The cash consideration represents a premium of 29 per cent of Wednesday’s closing price of 457 pence.The acquisition by Nuveen, which is the asset management arm of Teachers Insurance and Annuity Association of America, is set to create one of the world’s largest active asset managers with nearly £1.8 trillion in assets under management across institutional and wealth channels.\n\nThe Schroders brand will be retained and London will serve as the combined group’s non-US headquarters and largest office. The deal is expected to complete in the fourth quarter of 2026.\n\n\n\n\n\n\nNews Updates\nStay ahead with our three daily briefings delivering all the key market moves, top business and political stories, and incisive analysis straight to your inbox.\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nRichard Oldfield, chief executive of Schroders, said: “In a competitive landscape where scale can help deliver benefits, in Nuveen we see a partner that shares our values, respects the culture we have built and will create exciting opportunities for our clients and people.“The transaction will significantly accelerate our growth plans to create a leading public-to-private platform with enhanced geographic reach and a strengthened balance sheet.”As recently as July, Oldfield had rebuffed speculation that the Schroder family, who control almost half the company’s shares, were eyeing a sale of the business.\n\n“No, there’s no intention of the family to sell,” Oldfield said last year. “I engage with two members of the family through the board. They’re tremendously supportive, they’ve made their statutory statement in the annual report that’s very clear about their long-term commitment to the business.”","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"corporation","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"}}}