Nuveen to acquire Schroders for £9.9bn, forming near‑£2.5tn global asset platform
U.S. asset manager Nuveen has agreed to buy British firm Schroders for £9.9 billion in cash, valuing the stock at 612 pence per share inclusive of permitted dividends. The transaction, backed by major long-term investors, will combine capabilities across the Americas, Europe and Asia-Pacific and produce a group managing almost £2.5 trillion.
