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Henderson Group plc, parent company of Henderson Global Investors (Henderson), today announced its offer to acquire Gartmore Group Limited (Gartmore). The combined Group will have around 78 billion assets under management and become one of the largest UK retail asset managers by AUM. Under the terms of the proposed acquisition, Gartmore shareholders will receive two Henderson shares for every three Gartmore shares. The boards of both Gartmore and Henderson intend to recommend unanimously to shareholders that the offer be accepted. Completion of the acquisition is expected to take place within the next three months, subject to a number of shareholder and regulatory approvals. Henderson can confirm that a significant number of fund managers have already agreed to join Henderson...
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