Henderson calls off talks with US multi-boutique RidgeWorth

Henderson has walked away from a potential takeover of certain businesses of US group RidgeWorth Capital Management.

The group says the talks, which were announced on 12 April, have been discontinued as the parties failed to reach agreement on terms. RidgeWorth, owned by SunTrust Banks, manages approximately $63.1bn in assets through its multi-boutique structure. Henderson was reportedly interested in the group's operations outside of its money market funds. Reuters reported in April the proposed deal would be worth well in excess of the £107m Henderson paid to acquire New Star. Henderson's share price has climbed 0.23% to 131.7p in early trading.