Schroders shareholders overwhelmingly greenlight Nuveen takeover

At the company's annual general meeting today (16 April), 99.92% of votes were cast in favour of the takeover, according to a stock exchange notice.  At least 75% of votes in favour were needed for the deal to be approved. Approval for the deal was seen as a foregone conclusion by the industry because the Schroders family owns around 40% of the firm and had already indicated its support for the deal. Once combined, the group will manage $2.5trn of assets, subject to regulatory approval.  At the time of the announcement of the deal in February, Susannah Streeter, chief investment...