The Competition and Markets Authority (CMA) has begun an investigation into the £11bn merger of Standard Life and Aberdeen Asset Management, in order to determine whether the deal would lead to a "substantial lessening of capital".
According to Sky News, the regulator said it was looking for feedback and would decide by 18 July whether to launch a more-thorough investigation. The Scottish companies announced the merger back in March, which is set to create the UK's biggest asset management firm overseeing £660bn of assets. They are seeking shareholder approval in June and hope the deal will be complete in August. 'Marriage of old and new': Fund buyers react to Aberdeen/Standard Life 'mega-merger' plans In the terms of the new deal, Aberdeen shareholders would own 33.3% and Standard Life shareholders would con...
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