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Feb 12
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LONG
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Leo Kamin
Asset Management Reporter, Bloomberg
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Nuveen buying Schroders. "US asset managers are increasingly looking at European players and UK players in particular because they trade at a slightly larger discount." The Schroders deal sets a precedent and valuation floor. Other independent UK/EU asset managers trading at discounts are now prime takeover targets for US giants seeking private market scale. Long potential M&A targets. Regulatory blocking of cross-border financial mergers. |
Bloomberg Markets
Stocks Climb; Nuveen to Buy Schroders; Anthro...
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