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Standard Life agrees to buy Aberdeen in £3.8b stock deal

Aberdeen's investors will get 0.757 new Standard Life ordinary share for each share they already own
Tuesday, March 7, 2017 - 05:50

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Under the terms, which remain the same since talks were first revealed on March 4, Standard Life shareholders will own 66.7 per cent of the combined group, according to a joint statement on Monday.

London

STANDARD Life Plc, Scotland's largest insurer, agreed to acquire Aberdeen Asset Management Plc for about £3.8 billion (S$6.58 billion), creating one of Europe's biggest fund managers.

Under the terms, which remain the same since talks were first revealed on March 4, Standard

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