Schroders Shareholders Approve £9.9bn Sale to Nuveen

Schroders shareholders approve £9.9bn sale to Nuveen

Schroders shareholders have approved the £9.9bn ($13.4bn) sale of the UK asset manager to US rival Nuveen. At a general meeting in London, 99.9% of votes cast backed the takeover, comfortably above the 75% approval threshold. The transaction, first announced in February, covers the entire issued and to-be-issued share capital of Schroders. The deal creates an investment group with nearly $2.5tn of assets under management, operating across more t…