US investment giant Nuveen agrees £9.9 billion takeover of Schroders

• British investment management firm Schroders is set for a £9.9 billion takeover by US giant Nuveen, forming a new powerhouse in global asset management.
• The deal offers shareholders £5.90 per Schroders share, plus dividends of up to 22p per share, valuing Schroders' entire share capital at approximately £9.9 billion.
• The merger will create an investment giant overseeing nearly $2.5 trillion (£1.8 trillion) in assets, with the Schroders brand being retained.
• London will serve as the combined group’s head office outside the US, reinforcing the city's position in global asset and wealth management.
• The transaction, which is subject to regulatory approval, is expected to be completed during the final three months of 2026.

IN FULL

UK investment firm Schroders agrees to £9.9bn takeover by Nuveen