Overview
- The offer comprises 590p in cash plus up to 22p in dividends, valuing Schroders at about £9.9 billion and representing roughly a 29% premium to the prior close.
- Shares in Schroders jumped around 28% to 30% after the announcement, lifting the stock to a 52‑week high.
- The tie‑up would create one of the world’s largest active investment managers with nearly £1.8 trillion ($2.5 trillion) in assets and a presence in more than 40 markets.
- Schroders will retain its brand, London will serve as the combined group’s non‑US headquarters and largest office, and CEO Richard Oldfield will continue in his role reporting to Nuveen CEO William Huffman.
- Schroders is expected to operate as a standalone business within Nuveen for at least 12 months post‑completion, and the founding family’s roughly 42% stake is set to yield about £4.2 billion in cash.