The merger of Standard Life and Aberdeen Asset Management has successfully completed, following regulatory approval and the suspension of Aberdeen's shares on the London Stock Exchange.
Both the Financial Conduct Authority (FCA) and Prudential Regulation Authority (PRA) confirmed their approval to enable the merge between the two groups to proceed. The final approval was granted at a court hearing on 11 August, and Aberdeen shares ceased trading on the London Stock Exchange from 5pm that day. Shareholders will receive 0.757 of a new ordinary share of 12 2/9 pence each in the capital of Standard Life in exchange for each Aberdeen share held by them at the scheme record time. On Friday, the last business day before the announcement, Standard Life shares were tradin...
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