Key Developments: Aberdeen Asset Management PLC (ADN.L)

ADN.L on London Stock Exchange

435.50GBp
11:49am EDT
Price Change (% chg)

7.90p (+1.85%)
Prev Close
427.60p
Open
427.80p
Day's High
437.10p
Day's Low
427.80p
Volume
3,724,437
Avg. Vol
3,152,166
52-wk High
500.00p
52-wk Low
360.76p

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Latest Key Developments (Source: Significant Developments)

Aeon Co. (M) Bhd. Announces Ownership Interest Of Aberdeen Asset Management PLC
Monday, 8 Apr 2013 06:17am EDT 

Aeon Co. (M) Bhd. announced that Aberdeen Asset Management PLC has a direct ownership interest of 77,310,100 units, which represents 22.0256% of the total shares in the Company.  Full Article

Artio Global Investors Inc Enters Into Agreement To Be Acquired By Aberdeen Asset Management PLC
Thursday, 14 Feb 2013 02:15am EST 

Artio Global Investors Inc announced that it has entered into an agreement and plan of merger with Aberdeen Asset Management PLC, pursuant to which Aberdeen will acquire Artio Global for $2.75 in cash per share (the Transaction). The price represents a premium of approximately 34% over the closing price of Artio Global's common stock as of February 13, 2013, and a premium of approximately 37% over the average closing price of Artio Global`s common stock during the 30 trading days ending February 13, 2013. The Transaction is expected to close by the end of the second quarter or early in the third quarter of 2013. Goldman Sachs & Co. is acting as financial advisor and Davis Polk & Wardwell LLP is acting as legal advisor to the special committee of Artio Global`s Board of Directors. J.P. Morgan Limited is acting as financial advisor and Willkie Farr & Gallagher LLP is acting as legal advisor to Aberdeen.  Full Article

Aberdeen Asset Management plc Acquires Artio Global Investors Inc.
Thursday, 14 Feb 2013 02:11am EST 

Aberdeen Asset Management plc announced that it has reached an agreement to acquire 100% of the share capital of Artio Global Investors Inc. (Artio), The purchase consideration of approximately $175 million (£112 million) is based on a price of $2.75 per share and represents a premium of $34 million (£22 million) over Artio's unaudited net asset value at 31 December 2012. Artio is debt-free and had net asset value of $141 million (£90 million) and cash and seed investments of $136 million (£87 million) on its balance sheet at 31 December 2012. The purchase price will be payable in cash, financed out of Aberdeen's existing cash resources, on completion of the Transaction. This acquisition will expand Aberdeen's North American business, deepen its distribution network in the region and add to its existing fixed income capabilities. The transaction is consistent with Aberdeen's stated strategy to identify suitable, quality businesses to complement the Group's organic growth. As at 31 December 2012, Artio managed assets of approximately $14.3 billion (£9.2 billion) on behalf of a diversified retail and institutional client base.  Full Article

British American Tobacco (M) Berhad Announces Ownership Interest Of Aberdeen Asset Management PLC And Its Subsidiaries
Monday, 17 Dec 2012 06:01am EST 

British American Tobacco (M) Berhad announced that Aberdeen Asset Management PLC has a direct interest in 14,682,320 (units), representing 5.1421% of the total shares in the Company.  Full Article

Aberdeen Asset Management plc Recommends Final Dividend
Monday, 26 Nov 2012 02:00am EST 

Aberdeen Asset Management plc announced that its Board is recommending a final dividend of 7.1p per share, making a total payment for the year of 11.5p per share, an increase of 28% on the total payment for 2011.  Full Article

MOVES- Aberdeen Asset Management names CEO for Thailand business

June 25 - Aberdeen Asset Management Plc said it appointed Korawut Leenabanchong chief executive officer for its Thailand operations.

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