Jupiter Fund Management in ?370m offer for Merian
By Frank Prenesti
Date: Monday 17 Feb 2020
(Sharecast News) - Jupiter Fund Manager on Monday confirmed it had made a ?370m takeover offer for Merian Global Investors.
Jupiter said the all-share offer also included an additional deferred earn-out of up to ?20m payable to Key Merian shareholders, subject to growing and retaining revenues in their investment strategies.
"The board of Jupiter sees this as an attractive opportunity to acquire a high quality independent active manager that would represent a strong fit with Jupiter in both investment management philosophy and culture. Merian had assets under management of ?22.4bn at December 31, 2019," Jupiter said.
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