Schroders Shareholders Approve 13.4 Billion Dollar Sale
Schroders shareholders approved a 13.4 billion dollar sale to Nuveen today. The deal ends the independence of the firm and creates a 2.5 trillion dollar group.
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Shareholders of SCHRODERS PLC have officially sanctioned the company's sale to its United States-based competitor, NUVEEN CHURCHILL DIRECT LEND, in a deal valued at £9.9 billion ($13.4 billion). The approval, granted during a general meeting in London, signals the conclusion of independence for one of the most storied financial institutions in the United Kingdom.
