Henderson shareholders back £107m bid for New Star

Henderson shareholders have backed a £107 mln (EUR 118 mln) cash offer to acquire 85% of New Star Asset Management, the company said this week. The offer will remain open for acceptance until further notice, it added.

In January the boards of directors of Henderson and New Star Asset Management announced the terms of Henderson's recommended acquisition of New Star. In a statement on Tuesday, Henderson highlighted that, as part of the New Star restructuring, the company's banks have the right to require existing New Star shareholders to sell their ordinary shares in the company to Henderson Group. As part of the terms of the agreement, the banks have agreed to do so and will force shareholders to accept the offer.