Schroders Shareholders Approve £9.9bn Sale to Nuveen
Schroders shareholders have approved the £9.9bn sale of the UK asset manager to US firm Nuveen, with 99.9% of votes cast in favor. The deal, which creates a $2.5tn asset management group, was announced in February and is expected to be completed soon. Schroders will remain a separate entity within Nuveen for at least a year.
Topics: Asset Management Corporate Restructuring M&A Shareholder Approval