Gartmore shares jump 11% as Henderson makes £335m offer

Earlier, the market has responded positively to news Henderson has made a £335m bid for Gartmore, pushing its share price up 5.4% in early trading to 95.5p. After weeks of negotiations, Henderson and Gartmore have finally reached a deal which values Gartmore's shares at 92.1p, a slight premium to its closing price of 90.6p on Tuesday. This means Gartmore shareholders will be offered two Henderson shares for every three Gartmore shares they hold. The offer is less than suggested by reports before Christmas which said Henderson would offer around 104.8p per share for Gartmore, valuin...