1 of 1
Story summary
- Nuveen has agreed to acquire Schroders for £9.9 billion ($13.5 billion), creating a firm managing nearly $2.5 trillion.
- Schroders shareholders will receive 612 pence per share, including 590 pence cash and a 22 pence dividend, a 34% premium.
- The deal ends Schroders' 222-year independence, with London remaining the non-U.S. headquarters.
- The acquisition requires shareholder approval and regulatory clearance before completion.
