Henderson has emerged as the favourite to acquire struggling New Star Asset Management after being granted exclusive rights to negotiate a deal, reports at the weekend from the Sunday Telegraph suggest.
A possible deal includes an offer for New Star's ordinary shares, which would be conditional upon completion of its proposed capital restructuring.
"If any transaction were forthcoming, substantially all the proceeds would be applied to the repayment of the company's current liabilities and therefore it is not certain that any transaction will lead to a significant return, if any, to current shareholders," the New Star statement reads.
"There can be no assurance that any offer for the company's ordinary shares, if forthcoming, would be at or above the level of the company's current share price."
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From 6 April 2019