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.
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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.