Standard Life and Aberdeen Asset Management shares soar on £3.8bn tie-up

Standard Life, Scotland’s largest insurer, agreed to acquire Aberdeen Asset Management for about £3.8bn (€4.4bn), a deal that would create the UK’s largest active manager.

Standard Life and Aberdeen Asset Management shares soar on £3.8bn tie-up

The shares soared in London trading. Under the terms, Standard Life shareholders will own 66.7% of the combined group. Aberdeen’s investors will receive 0.757 new Standard Life ordinary share for each share they already own.

That values Aberdeen in line with its market value before the talks were disclosed on March 4.

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