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Schroders shareholders approve $13.4 billion sale to U.S. firm Nuveen.
Schroders shareholders approved a $13.4 billion sale to U.S. asset manager Nuveen.
KEY POINTS
- The merger will create a combined entity managing $2.5 trillion in assets.
- Schroders' founding family supported the sale, influencing its approval despite some valuation concerns.
- The deal highlights a trend of major asset managers exiting the London Stock Exchange.
COMPANIES
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