Jupiter Fund Management shareholders overwhelmingly voted in support of the firm’s proposed acquisition of rival UK money manager Merian Global Investors.
Roughly 95% of shareholders backed the deal at Jupiter’s annual general meeting, according to a statement Thursday, May 21. The deal remains on track to be completed in July, the company stated.
“We are delighted by the support from our shareholders for the acquisition of Merian, which reflects the strong strategic and financial rationale for the transaction,” CEO Andrew Formica said in the statement. We “have been working closely with colleagues at Merian on the integration.”
Full Content: Bloomberg
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