Nuveen Acquires Schroders: $13.5B Mega-Merger 🏛️🇬🇧💰
The Deal: Chicago-based Nuveen (owned by TIAA) agreed today, Feb 12, 2026, to acquire the UK's storied asset manager Schroders for £9.9 Billion ($13.5B) in cash. 📌
$2.5T Powerhouse: The merger creates a global giant managing nearly $2.5 Trillion in assets, ranking Nuveen among the top-tier active money managers worldwide. 🏛️
Premium Price: Nuveen is paying 612p per share, a massive 34% premium over Schroders' closing price on Feb 11. ⚡
London HQ: Schroders will retain its brand and its London office will serve as the combined group's non-US headquarters, employing over 3,100 professionals. 📊
Timeline: The acquisition, unanimously backed by both boards, is expected to officially close in Q4 2026, ending over 200 years of independence for the British firm. 📈
⚠️ For awareness only.
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