Henderson agrees New Star takeover

Embattled investment group New Star Asset Management is set to be sold to rival Henderson in a deal valuing the fund manager at £115m (€127m), it was announced today.

Henderson agrees New Star takeover

Embattled investment group New Star Asset Management is set to be sold to rival Henderson in a deal valuing the fund manager at £115m (€127m), it was announced today.

Henderson’s offer will, if approved by shareholders, take place after New Star’s emergency restructuring deal, agreed with its banks late last year to convert £240m (€265m) of debt into equity.

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