Henderson in talks to buy US asset manager
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Henderson is in talks to buy US asset manager RidgeWorth from SunTrust Banks in a deal tipped to be worth £260m.
Henderson yesterday confirmed it is in discussions with SunTrust in a stock exchange announcement.
The statement says: “Henderson notes the recent speculation in the media and confirms that it is in discussions regarding a potential acquisition by the group of certain businesses of RidgeWorth Capital Management, the US asset manager owned by SunTrust Banks.
“The group reviews a range of strategic opportunities from time to time. Discussions with SunTrust regarding a possible transaction are ongoing and there is no certainty that any transaction in relation to RidgeWorth will proceed.”
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