By Michele Maatouk
Date: Thursday 13 May 2021
LONDON (ShareCast) - (Sharecast News) - M&G shares rallied on Thursday following a report that Schroders spent months earlier this year looking at a potential buyout of the investment manager.
According to Bloomberg, Schroders was working with a partner earlier this year to consider a breakup of M&G by splitting its asset management operations from its pension and insurance unit.
It was understood that Schroders recently ditched the idea after deciding that M&G would be too expensive.
People with knowledge of the matter told Bloomberg that the deliberations by Schroders never led to any formal discussions with M&G.
At 1435 BST, M&G shares were up 3.9% at 228.55p, at the top of the FTSE 100 index.
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Currency | UK Pounds |
Share Price | 204.70p |
Change Today | -0.90p |
% Change | -0.44 % |
52 Week High | 238.80 |
52 Week Low | 183.05 |
Volume | 4,520,693 |
Shares Issued | 2,380.18m |
Market Cap | £4,872.24m |
RiskGrade | 186 |
Value |
---|
Price Trend |
---|
Income |
---|
Growth |
---|
Latest | Previous | |
---|---|---|
2nd Interim | Interim | |
Ex-Div | 28-Mar-24 | 28-Sep-23 |
Paid | 09-May-24 | 03-Nov-23 |
Amount | 13.20p | 6.50p |
Time | Volume / Share Price |
13:58 | 2,000 @ 204.74p |
13:58 | 401 @ 204.67p |
13:58 | 291 @ 204.67p |
13:56 | 9,645 @ 204.74p |
13:56 | 1,000 @ 204.74p |
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