• English   Deutsch   
  •  GMT      
  • LONDON      
  • FRANKFURT      
  • NEW YORK      
  • SAO PAULO      
  • TOKYO      
  • SYDNEY      
Hedge Fund Database
Morgan Hedge Fund Database
USERNAME

PASSWORD

FEATURED SERVICE PROVIDER

  Hedge Fund Search
Name, ISIN, Ticker:
  

Hedge Funds Search Detailed Search
  Hedge Fund Directories
Listed Hedge Funds:9,760
HF Professionals:16,344
Service Provider:474
Henderson Group to buy Gartmore
 
  Hedgeweb - WED, JAN 12 2011
Funds & Investment Henderson Group Plc agreed to buy Gartmore Group Plc for £335.3m in stock to expand its consumer and emerging market fund management operations.

Gartmore shareholders will get 0.6667 of a new Henderson share for each one they already own, Henderson said in a statement today. That values each Gartmore share at about 92.1 pence, based on yesterday’s closing price. Gartmore investors will own about 22.5 percent of Henderson after the transaction.

Gartmore Chief Executive Officer Jeffrey Meyer put the money manager up for sale in November after five fund managers quit, including Roger Guy and Guillaume Rambourg, who once oversaw one-third of the firm’s assets. The takeover follows Henderson’s purchase of John Duffield’s New Star Asset Management Group Plc in 2009.


Henderson Group to buy Gartmore

Please register or login to comment on this article.

Comments represent the views of the individuals who post them. They do not necessarily represent the views of Morgan Hedge / HEDGEweb or our partners.


 
 
© Morgan Hedge™ · HEDGEweb™
Morgan Hedge and HEDGEweb are Trademarks of morganhedge.com, TAA LLC and VIImedia S.A.