U.K. Watchdog Clears Path For Acquisition To Create Their Biggest Asset Manager
The U.K. watchdog has cleared the path for Standard Life's acquisition of Aberdeen Asset Management.
The U.K. watchdog has cleared the path for Standard Life's (SLFPD) acquisition of Aberdeen Asset Management.
The tie up will cost Standard Life £11 billion and will create the country's biggest listed asset manager.
The decision comes after shareholders backed the acquisition.
The two sides expect the deal to be completed on August 14.
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This article was written by a staff member of TheStreet.
