Nuveen to Buy UK's Schroders for £10 Billion
Market Intelligence Analysis
AI-PoweredNuveen is acquiring Schroders in a £9.9 billion deal, creating a massive active asset manager with nearly $2.5 trillion of assets, marking the end of Schroders' independence after over two centuries.
Market impact analysis based on bullish sentiment with 90% confidence.
Article Context
Nuveen is buying Schroders in a £9.9 billion ($13.5 billion) deal, creating one of the world’s largest active asset managers with nearly $2.5 trillion of assets. Schroders Chief Executive Officer Richard Oldfield discusses the deal, which ends more than two centuries of independence for the UK firm. He speaks on Bloomberg Television. (Source: Bloomberg)
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