Schroders in bid talks with Cazenove

Cazenove confirmed discussions are ongoing about a possible cash offer, with loan note alternative, by Schroders for the entire issued ordinary share capital of Cazenove Capital. However, it said it is not certain these discussions will lead to an offer being made for Cazenove. According to the rules on City Code on Takeovers and Mergers, Schroders must make a decision on whether to make an offer by 5pm on 19 April. Schroders will be interested in the boutique as it looks to shore up its UK equity team following the loss of Richard Buxton and Errol Francis to Old Mututal Global Invest...