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Provider: Reuters Investment Profile
Provider: Thomson Reuters Stock Report
Provider: Wright Reports
Provider: Peel Hunt

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Aberdeen Asset Management Plc Talks To Buy Asset Manager From Lloyds Banking Group PLC-Reuters

Thursday, 24 Oct 2013 06:54am EDT 

Reuters reported that Aberdeen Asset Management Plc said it is in talks to buy Scottish Widows Investment Partnership from Lloyds Banking Group PLC. It said the acquisition would be funded by issuing new shares in Aberdeen to Lloyds and additional deferred cash payments, conditional on the business's performance over a period of years. 

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