£390m Jupiter-Merian GI deal unmoved by pandemic impact

It follows concerns that the impact of the pandemic could see previously slated M&A activity postponed in the short term. However, a spokesperson told PA's sister title Investment Week this morning that the deal will go ahead as planned with no impact on price, largely owing to the fact the acquisition is a share-based deal as opposed to cash. The deal, which remains subject to regulatory and shareholder approval, means the business will manage £65bn of investors' money in total, which will make it the UK's second-largest retail fund management firm.  Jupiter shares soared when the...