JPMorgan Multi-Asset Growth & Income (MATE) is in talks to merge with JPMorgan Global Growth & Income (JGGI), according to a London Stock Exchange notice published today (24 January).
The notice said the boards have signed Heads of Terms regarding a proposed merger of the companies. The merger will be carried out through a scheme of reconstruction of MATE, which will see its assets transferred and shareholders will receive new shares in JGGI. JGGI and JPMorgan Elect merger progresses with share class realignment The aggregate net asset value of the assets to be transferred over to MATW is estimated to be approximately £71m. By the end of March 2024, the companies expect the process to be completed. The notice included that MATE's board believes that the me...
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