Aberdeen Asset Management To Acquire Artio Global Investors

February 15, 2013

On February 14, 2013, Aberdeen Asset Management PLC announced that it will acquire Artio Global Investors Inc. (NYSE: ART) for $2.75 per share in cash, representing a total consideration of approximately $175 million.

On February 14, 2013, Aberdeen Asset Management PLC announced that it will acquire Artio Global Investors Inc. (NYSE: ART) for $2.75 per sharein cash, representing a total consideration of approximately $175 million.  The share price represents a premium of $34 million over Artio‚Äôs unaudited net asset value as of December 31, 2012.  Artio comprises fixed income and global equities businesses and has approximately $14.3 billion in assets under management for retail and institutional clients.  The transaction is subject to regulatory and shareholder approval, and other customary closing conditions, and is expected to close in the second or third quarter of 2013.  The terms of the transaction were not disclosed.

To read the press release, please click here.


Categories

Investment Manager M&A, Mutual Fund M&A, Transactions