New Star has confirmed it has received and is considering a number of offers from third parties to acquire the company's business.
In a statement released this afternoon, the group says while it is committed to its proposed capital restructuring, it is considering "possible strategic alternatives" to the debt-for-equity plan announced last week.
Rumoured potential buyers of the troubled fund manager include Aberdeen, Neptune, newly-formed Ignis and Schroders.
New Star's admission comes just hours after its chairman and founder John Duffield denied he will leave the firm, contrary to press speculation.
However, New Star says it has not had any discussions with any party regarding a sale of its ordinary shares, which closed nearly 12% lower to 1.5p this afternoon.IFAonline
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