Asset Management

Nuveen’s $13.5 billion swoop for Schroders: the £9.9bn cash deal reshaping asset management
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Nuveen’s $13.5 billion swoop for Schroders: the £9.9bn cash deal reshaping asset management

Nuveen will acquire Schroders for £9.9 billion ($13.5 billion), offering shareholders up to 612 pence per share—a 34% premium to Schroders’ last close. The deal would create a group managing nearly $2.5 trillion in assets. Schroders CEO Richard Oldfield will remain, reporting to Nuveen CEO William Huffman. The transaction requires shareholder and regulatory approval.
February 12, 2026

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