Fund managers Standard Life and Standard Life confirmed reports that they are considering plans to enter into an £11bn ($ 13.5bn ) merger. The resulting company would oversee assets worth £ 3.7bn as about 9,000 of the US 's largest fund managers. To reflect Aberdeen 's £ 3.7bn market capitalisation and Standard Life's £ 7.5bn value, Standard Life shareholders would own 66.7% of the combined group, while Aberdeen shareholders would own 33.3% . Aberdeen said investor sentiment "stalled" following the US election result. The merger would enable the company to compete with the investment advantage of larger competition, such as UK -based Blackrock . However, the deal is subject to several conditions, including shareholder approvals, the companies said.
Fund managers Standard Life and Standard Life confirmed reports that they are considering plans to enter into an £11bn ($ 13.5bn ) merger. The resulting company would oversee assets worth £ 3.7bn as about 9,000 of the US 's largest fund managers. To reflect Aberdeen 's £ 3.7bn market capitalisation and Standard Life's £ 7.5bn value, Standard Life shareholders would own 66.7% of the combined group, while Aberdeen shareholders would own 33.3% . The merger would enable the company to compete with the investment advantage of larger competition, such as UK -based Blackrock . However, the deal is subject to several conditions, including shareholder approvals, the companies said.