Why Schroders Share Price Is Holding Below Nuveen’s Offer Ahead of the April Vote
Schroders shares rose 0.17% to 573p Wednesday, still below Nuveen’s 590p-per-share cash offer. Vanguard disclosed a 2.53% stake as new takeover-code filings emerged. Court and shareholder meetings are set for April 16, with the deal expected to complete in the fourth quarter pending approvals. Nuveen has secured irrevocable commitments for about 42% of Schroders’ shares.