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Henderson’s New Star cash offer receives shareholder approval

Henderson’s recommended £107m cash offer for New Star has been declared wholly unconditional by its shareholders.

Shareholders of the group have approved the proposed acquisition of New Star in a deal funded through £44m of cash, £46m from the placing of the group’s shares earlier this year and the rest from new share issuances upon completion.

The combined entity will double Henderson’s UK retail assets to around £55bn assets under management.

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