Under the agreed terms, Schroders shareholders will receive '5.90 per share in cash, valuing the equity at '9.5bn. Shareholders will also retain dividends of up to 22 pence per share before completion, bringing the total transaction value to '9.9bn. The combination will unite Nuveen's $1.4trn platform with Schroders' $1.1trn franchise. The enlarged group will operate across more than 40 markets, spanning equities, fixed income, multi-asset, infrastructure, private capital, real estate, natural capital, and wealth management. 'Through this exciting and transformational step for both of our distinguished firms, we look forward to welcoming Schroders into the Nuveen family,' said William Huffman, Chief Executive Officer of Nuveen. 'By bringing our complementary platforms, capabilities, distribution networks, and cultures together, we will create an extraordinary opportunity to enhance the way we serve our collective clients through access to new markets, bolstered product offerings,...
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