Aberdeen confirms talks to buy SWIP

The company said it would fund any acquisition through the issuance of Aberdeen shares to state-owned Lloyds, meaning the taxpayer could end up with a stake in the asset manager. It is also proposing to make additional deferred payments in cash, conditional on SWIP's future performance. Aberdeen shares spiked on the statement, rising over 5% to 447p having previously been flat on the day. "The potential acquisition would add further scale and diversity to the company's product range, thus complementing organic growth, consistent with the Board's strategy," Aberdeen said in a statem...